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Business Trip Regulations in Bulgaria

Bulgaria

Amendments in Business Trip Regulations in Bulgaria

A few weeks ago, several amendments in the business trips regulations of employees in Bulgaria were promulgated and have been entered into force. As most of professionals know a business trip is related to the temporary change of the place…

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Albania: Changes for Self-Employed Pensioners

Albania

Albania: Favorable Changes for Self-Employed Pensioners

The Albanian government has approved additional changes in the law for compulsory social security contributions affecting people who have reached retirement age but continue to work registered as self-employed. Those people will no longer pay for compulsory social security contributions….

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Stricter VAT Rules

Georgia

Georgia: New Tax Bill Implements Stricter VAT Rules

Tax administration is being tightened in several directions nowadays. According to the new tax bill, the changes will affect both individuals and legal entities. One of crucial novelties coming into effect starting from 2024 is related to the requirements of…

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Tax Obligations

Cyprus

Cyprus: Tax Obligations 2023

On June 9, 2023, the Cyprus Tax Authorities announced that an obligation to prepare and submit a Tax Return for 2023 is applicable only to individuals whose annual gross income exceeds € 19,500. Be advised that Cyprus Tax Authorities have…

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CYPRUS: AMENDMENTS TO INCOME TAX LAW

Cyprus

CYPRUS: AMENDMENTS TO INCOME TAX LAW: EXTENDED EXEMPTION FOR NON-RESIDENT...

On June 22, 2023, the Plenum of the Parliament introduced an important amendment to the Income Tax Law, extending the existing provisions of the income tax exemption for individuals employed in the Republic. This amendment affects any person who was…

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Automation of Tax Declarations

Albania

Albania: Automation of Tax Declarations

The Ministry of Finance announced the automation of the monthly declaration of ledger books in the tax system. March 2023 has marked a substantial progress in the automation of the financial procedures in Albania. The process of monthly declaration of…

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Corporate tax regime in UAE

News-UAE

New corporate tax regime in UAE

On 31 January 2022, the Ministry of Finance of the United Arab Emirates (UAE), announced the implementation of a path-breaking corporate tax regime in the UAE, effective from the financial year commencing on or after the 1st   of June 2023….

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JCC Platform no longer available

Cyprus

JCC Platform no longer available for Tax Payments

The Tax Department announced that as of May 3rd 2023 tax payments through JCC platform will no longer be available and payments will be executed ONLY through Tax Portal. Companies can log-in to Tax Portal using their TaxisNet credentials. In…

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Changes in the Tax Code

Georgia

Upcoming Changes in the Tax Code of Georgia

Tax administration is being tightened in several directions. According to the new tax bill, the changes will affect both individuals and legal entities. One of the changes, coming into effect starting 2024, will concern the additional income (i.e. the difference…

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The best kept secret in Global Tax Mobility

Cyprus

Cyprus 60-day rule; The best kept secret in Global Tax Mobility

As per Cyprus Tax legislation, an individual is considered to be a tax resident in Cyprus if they spend more than 183 days in Cyprus during a tax year. The above Law has further amended in 2017 and in accordance…

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