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Albania: VAT Refund

News-Albania

Albania: VAT Refund process update

A new online VAT refund platform, provided by the General Directorate of Taxes, is available in Albania since 7 March 2022. This platform will be used to create, track, and review any VAT refund claim made by taxpayers. All VAT…

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Payroll Outsourcing

News

Why are more and more companies choosing to outsource their payroll function?

The most obvious reason is cost; the time spent calculating wages, taxes, various contributions and finally paying employees is greatly reduced when the process is outsourced. Anyone that has had the pleasure of processing payroll will know that is a…

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Albania salaries

News-Albania

Albania: Minimum salary and income tax changes

Through an ultimate update of the decision no.158 “On Determining the National Minimum Wage”, on 12.03.2022, of the Council of Ministers, it was decided to increase the minimum monthly salary to ALL 32 000. The current minimum salary is ALL…

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Cryptocurrencies

News-Greece

To Κρυπτονόμισμα γενικά, αλλά και στην...

Το κρυπτονόμισμα είναι ένας τύπος ψηφιακού νομίσματος που χρησιμοποιείται μόνο ηλεκτρονικά. Θα μπορούσε να πει κάποιος ότι τα Bitcoin και Ether είναι τα πιο ευρέως διαδεδομένα κρυπτονομίσματα, ωστόσο, υπάρχουν πολλές διαφορετικές εταιρείες κρυπτονομισμάτων, καθώς και νέες,  που  καθιερώνονται συνεχώς σε…

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Cyprus Digital Nomad Visa

News-Cyprus

Cyprus builds bridges for foreign digital nomads

Council of Ministers increases the number of potential holders of Cyprus Digital Nomad Visa up to 500 in March 2022. Due to the rapid pace of the digital transformation and promotion of Cyprus’ image as a business European «heart», the…

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News-Greece

Κύπρος: Επίδομα Ασθενείας μόνο μέσω της...

Το Υπουργείο Εργασίας, Πρόνοιας και Κοινωνικών Ασφαλίσεων, σε συνεργασία με το Υφυπουργείο Έρευνας, Καινοτομίας και Ψηφιακής Πολιτικής έχει θέσει σε λειτουργία την ηλεκτρονική πλατφόρμα για υποβολή αιτήσεων για επίδομα ασθενείας από το Ταμείο Κοινωνικών Ασφαλίσεων. Βάσει των ανωτέρω, από την…

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EU VAT threshold regime

News

Import One-Stop Shop Scheme and EU VAT threshold regime

A new set of rules based on the EU Directive 2006/112/EC that affects online cross border business to customer (B2C) sales is in force as of July 2021. The new rules, briefly discussed below, aim to simplify the online shopping…

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Eurofast Albania

News-Albania

Albania: New Activity Regulation for Non-Profit Organizations

It was recently published on the Official Gazette of Albania, the decision to create an Electronic Register for NPOs. The register consists of a state database which collects, organizes and stores the information for non-profit organizations electronically, in interaction with…

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Anti-Money Laundering Directive

News-Cyprus

Cyprus: Deadline Extension for the submission of data in the BO registry

Last year the Council of Ministers decided to transpose the 4th Anti-Money Laundering Directive (EU) 2015/849 to the national legislation. The registry development has been completed and the Ministry of Finance announced its official operation on April 6th, 2021.   Τhe Department of Registrar reported today, March 1st,…

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Eurofast Bosnia and Hercegovina

News-Bosnia and Herzegovina

Bosnia & Herzegovina: Government announces salary increase plan

Amendments to the RS Labor Law were published in the Republika Srpska Official Gazette on December 29, 2021, while previously announced changes to the Law on Income Tax and the Law on Contributions entered into force on January 1st. The…

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