Since the beginning of 2021, it has been questionable whether grants received to mitigate the negative consequences of COVID-19, should be included in the basis for calculating the tourist and forest contribution fees given that there was no legal basis…
The new law adopted in late December 2020 regulates the subject of fiscalization and its process through an electronic device as well as the content of the fiscal account. The government aims at a system that will ensure the registration…
This was stated, by the Minister of Finance, Christos Staikouras, who also described the network of short-term policies that will support the restart of the economy. The cost of the support measures will approach 15 billion euros this year, with a target…
Despite the third wave of COVID-19 and strict quarantine restrictions, April in Ukraine was very rich in news, bill proposals and law amendments. The President of Ukraine, Volodymyr Zelensky, approved important laws about security, courts, and Russian sanctions. Moreover, amendments in Tax Legislation, card fees policy and…
The Ministry of Finance announced on April 22nd new tax cuts and the abolition of the special solidarity contribution for natural persons engaged in business activity, legal persons and legal entities. More specifically: From this year onwards, the mandatory tax pre-payment will be permanently reduced from 100% to 55% for all individuals engaged in business…
On April 7, 2021, the Republic of Cyprus has announced amendments to the eligible criteria for the Cyprus Permanent Residency Programme. In pursuance of the provisions of Regulation 6(2) of the Aliens and Immigration Regulations, the Minister of Interior, having notified the Council of Ministers, has…
As we informed you late last year, the Council of Ministers decided to transpose the 4th Anti-Money Laundering Directive (EU) 2015/849 to the national legislation. The registry development has been completed and the Ministry of Finance has announced its official operation on April 6th, 2021. All legal…
Extended VAT payment deadline in 2021 The North Macedonian Government has recently extended the payment deadline for VAT due following the filing of a periodic VAT return. Typically, the deadline for payment of outstanding VAT to the state has been…
On March 15, the Ukrainian Cabinet of Ministers implemented Decree #278, allowing for e-passports to equate to regular passports. E-passports are digital analogues of paper documents and are currently available in the government based app – “Dija“. According to officials, the main goal of “Dija” is to introduce a…
As of January 1st, 2021, pursuant to Law 87/2019, the tax system reform “On electronic invoicing and turnover monitoring”, has officially entered into force in the Republic of Albania. The law amends all transactions occurring within the Republic and includes the reporting technicality to the tax authority as well as the application for electronic…