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Revamping Tax Appeals

Cyprus

Cyprus: Revamping Tax Appeals for a Brighter Financial Horizon

Whether in Cyprus or elsewhere globally, submitting tax objections is your ticket to reclaiming your hard-earned money and ensuring fairness in the tax system. Don’t let overburdened tax bills or inaccuracies in your tax assessment go unchecked. By voicing your…

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Airbnb and Online Booking in Cyprus

Cyprus

Latest Shockwaves for Airbnb and Online Booking in Cyprus

On September 13, 2023, Cyprus Tax Department released guidelines on taxing rental income from self-service accommodations via online platforms like Airbnb and Booking. This news has stirred up the sharing economy sector in Cyprus. It appears that according to the…

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the World of Corporate Shell Companies

Bulgaria

Bulgaria: Unmasking the World of Corporate Shell Companies

Shell companies have always held a mystique for entrepreneurs, offering a legitimate cover for various financial and business maneuvers. The European Union has been diligently working on regulatory measures to monitor the operations of these enigmatic entities. ATAD 3 and…

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A Tax Haven for Savvy Businesses

Georgia

Georgia’s International Company Status: A Tax Haven for Savvy Businesses

During an era defined by rapid economic changes, Georgia has emerged as a pioneer. A few years back, the Georgian Tax Authorities introduced a revolutionary law that’s been creating quite a stir, capturing the curiosity and attention of business leaders….

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Aligning ESG Efforts with International Tax Rules

Greece

A Conscientious Approach: Aligning ESG Efforts with International Tax Rules and...

In today’s global landscape, an MNE’s approach to cross-border transactions among related parties and its compliance status concerning transfer pricing issues goes beyond mere compliance or ethical considerations. It has evolved into a long-term commitment towards achieving a sustainable future…

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Streamlining Bulgarian VAT

Bulgaria

Streamlining Bulgarian VAT: Fresh Regulations for Bad Debts

Effective as of January 1, 2023, Bulgaria’s Value Added Tax Act (VATA) was overhauled, introducing a comprehensive system for reducing VAT related to outstanding invoices. This framework targets scenarios in which suppliers render it unattainable to collect payments for taxable…

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Navigating the Tax Tides of 2024

Cyprus

Cyprus: Navigating the Tax Tides of 2024: What’s Changing for...

In 2024, the corporate tax landscape is set for a seismic shift that will impact both multinational giants and homegrown corporations. This transformation has been looming on the horizon ever since the Organisation for Economic Cooperation and Development (OECD) rolled…

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Tax and Social Obligation Payments

Bulgaria

Bulgaria’s New Approach to Tax and Social Obligation Payments

Starting in October 2023, managing your tax and social security payments to the Bulgarian National Revenue Agency (NRA) is about to get a whole lot easier. The NRA is introducing a novel approach by directing these payments through five newly…

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Albania's Tax Overhaul

Albania

Albania’s Tax Overhaul: A Game-Changer for Individual Taxpayers

In a groundbreaking development, the Albanian government is set to usher in a new era of taxation with Law No. 29/2023, bidding farewell to the long-standing Income Tax Law No. 8438, which has been the norm since 1998. Starting from…

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Serbia's Eco-Revolution

News-Serbia

Serbia’s Eco-Revolution: Small Businesses Gear Up for ESG Compliance in...

The introduction of Environmental, Social, and Governance (ESG) criteria marks a significant leap forward for Serbia on its journey to align with United Nations compliance standards. This groundbreaking ESG regulation mandates that small and medium-sized enterprises (SMEs) in Serbia seeking…

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