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Greece

Dispute Advisory Services

Whilst in everyday life disputes between individuals are commonplace, the same happens within organizations. Disputes are an inevitable byproduct of doing business and the nature of litigation is increasingly complex. Eurofast can assist you. Our ServicesMeasurement and representation of the…

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Bulgaria

Latest amendments to the Bulgarian Social Security and Tax legislation...

[print_link] Certain changes to the Bulgarian Social Security legislation were published in the Bulgarian State Gazette No 103/4.12.2020, that entered into force on the 1st of January 2021. The amendments are summarized below:   BGN Minimum amount of the monthly…

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Bosnia and Herzegovina

Bosnia & Herzegovina Publishes Regulations For VAT Refunds To

[print_link] The regulations for granting VAT refunds to foreign taxable persons were published in Official Gazette No. 78 of Bosnia and Herzegovina on 4 December 2020. The legislation aims at harmonization of the VAT rules for granting VAT refunds to…

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Albania

Overview of 2021 Albanian Tax Legislation Revamp

[print_link] Recently, the Albanian government has published certain changes to the tax legislation which are effective as of January 1st 2021, affecting a wide range of taxes. Increase of the VAT threshold According to Decision no.576 dated July 22th, 2020,…

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Georgia

Georgia Introduces a New Package Of COVID-19 Assistance

[print_link] The Georgian Government has developed a new anti-crisis package, within the framework of which it will provide all possible assistance to residents and businesses in an extremely difficult epidemiological situation in the country. The Minister of Economy Natia Turnava…

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Croatia

Croatia Rehauls Tax System in 2021; Reduces Tax Rates & Increases...

[print_link] Croatia has published a set of 2021 reform Acts, including the Act on Amendments to the Corporate Income Tax, Personal Income Tax, Value Added Tax and Fiscalisation. Our Croatia team’s digest of the most important amendment aspects follows below….

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News-North Macedonia

North Macedonia introduces a new VAT rate; hospitality and catering sectors...

[print_link] Effective 1 January 2021, the North Macedonian VAT regime has been amended to include a new tax rate of 10%, in addition to the previously prescribed standard rate of 18% and reduced rate of 5%. This is the first…

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Cyprus

4th and 5th AML Directive – Establishment of UBO Register – Cyprus

[print_link] On December 16th, 2020, the Council of Ministers decided to transpose the 4th Anti-Money Laundering Directive (EU) 2015/849 to the national legislation. This new AML Law amendment shall essentially implement the central registry of ultimate beneficial owners. The registry is to be developed and completed in the second half of…

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Montenegro

OPENING A BANK ACCOUNT IN MONTENEGRO

[print_link] Montenegro has been recognized in recent years as one of the best countries to invest in, mainly because of its political stability, liberal economic regime of foreign trade, favorable tax policy (9% income tax, 7/21% VAT, 9% personal income…

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News-Serbia

Opening a bank account in Serbia

[print_link] Serbia boasts an excellent strategic location, solid infrastructure and highly knowledgeable human resource potential. Being at a unique position in the European market, Serbia offers diverse possibilities. The attractiveness of the location, coupled with the logistical advantages, availability of…

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