All resident companies incorporated under FYR Macedonian legislation are required to select a main business activity code during the incorporation procedure. This business activity is what the company founders plan to be the main activity of the legal entity. However,…
Territorially large and densely populated, Iran offers great opportunities in many business sectors as well as tax incentives aimed at attracting foreign investment. Below is a brief outline of certain tax incentives available to foreign investors. While the Iranian corporate…
On May 23, 2016, the Serbian Ministry of Finance announced its clarifying opinion on tax representation of a non-resident entity for the purpose of implementing the Law on Value Added Tax and registration for VAT. Although the concept of tax…
All United Kingdom incorporated Companies and Limited Liability Partnerships (LLPs) according to the new legislation were required to identify and record the people with significant control over them as of the 6th of April 2016, based on the amendments made…
Albania | April 2016 | Property taxes in Albania are regulated by the law on the local tax system and consist of the building tax and the agricultural land tax. Subject to the property tax are all physical and legal…
Albania | March 2016 | On January 21st, 2016, the Council of Ministers of the Republic of Albania adopted a new decision, which aims to determine the reference monthly salary for purposes of calculating the mandatory social contributions for the…
Albania | February 2016 | Albania and the Kingdom of Morocco preliminarily agreed on the need for a Double Tax Treaty back in 2012 when treaty negotiations commenced. The willingness to conclude such an agreement was reiterated in October of…
January 2016 A landmark Agreement ending the Bank Secrecy era and introducing an International Automatic Exchange of Information (AEoI), namely the Multilateral Competent Authority Agreement on Automatic Exchange of Financial Account Information (MCAA) prepared by the OECD, has been signed…
January 2016 Introduction International business structuring becomes nowadays one of the most popular way of legitimate business reorganization using economic, legal and other benefits of various jurisdictions. This issue becomes a reality, in particular, for those businesses which plan to…
January 2016 Globalization made international capital boundaries disappear. Market size has become more important than the size of countries. Regions such as South East Europe with large number of smaller countries have attracted many foreign investors. When choosing a jurisdiction…
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