On 11th February 2020, the Hellenic Business Association organized the traditional Vasilopita cutting in the Grand Casino in Belgrade. Members of the HBA and friends of the Association had the opportunity to meet the new Minister Counsellor (Economic & Commercial…
On 2 July 2019, a Draft Law amending the Tax Code of Georgia was adopted by the Parliament of Georgia. The objective of the Draft Law was the approximation of the Georgian Tax Legislation on Value Added Tax (VAT) with…
On Thursday, 23rd January 2020, Eurofast threw a house-warming party celebrating 40 years of presence in the Business Market and inaugurating the new Eurofast-owned offices in Athens, Greece. The event was attended by more than 200 guests who savored a…
The Greek authorities have reduced the taxation rate of dividends from 10% to 5% effective from 1 January 2020 onwards. As a result, the percentage of the withholding tax on dividends has been reduced to 5% as well. Certain clarifications…
Increase of social security contribution rates Employees in North Macedonia have been witnessing a steady trend of increasing social security contribution rates in recent years. The Government is constantly trying to ensure more stable revenues to the Pension and Disability…
Bulgaria has introduced law amendments (applicable as of 01 February 2020) which are entirely aligned with the obligations of the Bulgarian state as a member state of the EU to harmonize its local legislation with the latest EU Directives for…
2nd Wave of General Health System (GHS) The implementation of the national health insurance system, which started on 1 March 2019 initially covering only outpatient care, is expected to be fully completed by June 1, 2020. From 1 March 2020,…
On 19th of December 2019, an amendment of Article 14 of the Income Tax Law of 2002 was published in the Official Gazette of the Republic of Cyprus. The amendment increases the limit of allowances from 1/6th to 1/5th of…
Egypt’s Prime Minister Mostafa Madbouly has issued decree No. 2731 of 2019 regarding amendments to the bylaws of Egypt’s investment law. The amendments include new provisions to the executive regulation; two articles that require local and private entities to submit…
A new law was introduced in the Bulgarian Tax and Social Security Procedure Code in issue 64/13.08.2019 of The State Gazette. The new law – which concerns the implementation of mandatory transfer pricing documentation requirements – will enter into force…