On Thursday, 30 June 2022 the Cyprus Parliament passed a law introducing detailed transfer pricing legislation, marking a new era in company taxation, with effect from 1 January 2022. The OECD Transfer Pricing Guidelines have been legislatively incorporated in Cyprus. This short…
Shortly after the war commenced, Greece enacted a legislative framework regarding Ukrainian citizens that have been displaced after 24.02.2022 due to armed conflict. This framework – a considerably simplified kind of international protection – provides for temporary protection of Ukrainians…
Anyone that has had the ‘pleasure’ of processing payroll will know how a complex and time-consuming task this can be as it requires meticulous record-keeping, comprehensive tax knowledge, extreme attention to detail and efficient work habits. It is widely accepted…
Law 4919/2022: The enhanced digitalization of the General Electronic Commercial Registry’s functions and other provisions on the promotion of foreign companies’ establishment. In April 2022 a new legislation on General Electronic Commercial Registry (G.E.MI.) was adopted. Law 4919/2022 adheres to…
The Ministry of Finance has recently presented a draft law; the focus of which is self-employed and freelance professionals. This draft law aims to exempt the self-employed providing professional services from the income tax rate of 0%. Currently this rate…
The regenerative economic model of the circular economy has surpassed all expectations that it will dominate the future as a sustainable economic growth model. The circular economy is essential not only for the survival of the planet but also for…
Assessing the situation two years after the landmark Decisions no. 2163/2020 and 2323/2020 of Greece’s Supreme Administrative Court. In 2020, with the Decisions no. 2163/2020 and 2323/2020, the Hellenic Council of State (Greece’s Supreme Administrative Court) held that the granting…
The Albanian Minister for Standards and Services recently announced the closure of 95% of the public service counters by the end of April. Almost all applications and claims, from now on, should be submitted online, and all official documents will…
New proposed amendments to the Labour law are expected to substantially improve the position of workers, correct all shortcomings of the current law, and clearly define the areas concerning the rights and obligations of workers and employers. The changes are…
-Obligation of a paid hot meal to all employees- As the Government is continuously taking actions to improve employee benefits packages and prevent a potential outflow of workers starting from 22.02.2022, all employers in the Republic of Srpska are, legally,…