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News

Business Registers Agency – Online registration for all businesses

Starting from year 2022, founders of all companies in Serbia will be able to register their businesses electronically, without having to go to the APR Agency. Up until this moment, this registration could be conducted only by entrepreneurs and businesses…

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News-Slovenia

Slovenia: New set of tax laws for 2022

In attempt to relaunch the economy after the COVID crisis, the government has made amendments to the laws aimed at accelerating economic development. The following proposed changes to tax legislation are expected to enter into force in January 2022. On…

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News-Croatia

Interest rate on loans between related parties for 2022

The Decision on the publication of the interest rate on loans between related parties, which determines the amount of the interest rate on loans between related companies referred to in Article 14 of the Income Tax Act for 2022 was…

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News-Serbia

Year 2022 brings new set of Tax Laws in Serbia

A new set of Tax Laws has been adopted in the Republic of Serbia most of which will be applicable as of January 2022. The main changes are seen in:  Law on Amendments to the Law on Personal Income Tax  Non-taxable salary amount will be increased from 18.300 RSD to 19.300 RSD Validity of the “old”…

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News-Croatia

Non-taxable occasional rewards during holiday season

In Croatia, during the holiday season, employees and their children are likely to be given occasional or special rewards as a non-taxable bonus by their employers. Such measure is, of course, optional to the employers, however, it consists of a nice gesture towards the employees during the most wonderful time of the year.  Occasional rewards for holidays are excluded from the HRK 5.000,00 non-taxable…

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News-Albania

Albania: Significant changes in the Law for UBO Registration

The Parliament of Albania recently announced amendments in the Law on the register of beneficiary owners, through a new draft law The changes made are substantial and directly affect the process of declaring beneficial owners, as well as, the current situation of many of the reporting entities. …

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News-Bosnia and Herzegovina

New Fiscalisation Model in Republic of Srpska

Starting from January 2022, a new model of fiscalisation will come into force in the Republic of Srpska. That will enable the suppression of the gray economy, and will benefit both employers and citizens, because the same conditions will be created for all business entities, and citizens, who use budget…

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News-Greece

Greece: Certain tax changes have been included in the draft Budget of 2022

Corporate taxation  Greece enacted the reduction of the CIT rate from 24% to 22%, from 2021 onwards. This measure has already been adopted by virtue of Law 4799/2021. Reduction of the capital duty tax rate from 1% to 0.50%, for transactions for which the tax liability…

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News-Cyprus

UK companies able to continue to operate in the EU pending final sign off

The Cyprus Securities and Exchange Commission (“CySEC”) announced on December 14th, 2021, the amendment of Directive 87-04. The amendment relates to the provision of investment services by entities authorised and regulated by the UK’s FCA to eligible counterparties and professional clients based in Cyprus after the expiry of…

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News-Ukraine

Ukraine opens own sky to European flights

On October 12, Ukraine signed a Common Aviation Area Agreement (CAAA) with the European Union. Since Ukraine was the 13th largest extra-EU market in 2019, with 9.8 million passengers, the European Commission highlighted this agreement as a significant “milestone”.    According to the Prime Minister Denys Shmyhal: “It…

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