Albania has signed double taxation agreements with many countries, in order to ensure that tax on income is not paid twice. The latest agreement of this kind is the one concluded between the Republic of Albania and the Kingdom of…
The Fiscal Authority (FISC) of Romania receives information on the persons who have opened accounts at the banks and financial institutions in Romania and are doing transactions using them. However, this is not the only information that reaches the tax…
A joint ministerial decision (46440/19/2019) has been published in the national Gazette (4155/12.11.19) clarifying the documents, procedures and all relevant issues in regards to the granting of entry visa and residence permit in Greece through equity investments, bonds or bank…
On Thursday, 7 November 2019, Eurofast celebrated its 40 year anniversary at the Latsia Municipality Theatre in Nicosia, Cyprus, in a wonderful event enjoyed by more than 300 guests. Breath-taking Argentinian Tango Group “Tango Legends”, brought to Cyprus by Eurofast…
The Ministry of Finance of North Macedonia has announced an increase of the VAT-registration taxable turnover threshold from MKD 1 million to MKD 2 million per year. The changes in the threshold amount have varied throughout the last 20 years,…
On October 30th 2019, the Ukrainian Parliament finally ratified the long-awaited Protocol (concluded in 2015 and ratified by the Cypriot Government in the same year), amending the Cyprus-Ukraine Double-Tax Treaty (“CY-UKR DTT”), thereby marking the finalization of formal internal procedures…
The Convention between the Government of the Republic of Serbia and the Government of the State of Israel on the avoidance of double taxation and the prevention of tax evasion with respect to taxes on income has entered into force…
Romania is a place where you should focus on next, be it for your business or for expanding your client base. The recently adopted legislation and the amendments that are to come are encouraging investment funds and big companies to…
On July 17, 2019, the National Assembly of the Republic of Srpska adopted amendments to the Corporate Income Tax Lax. The most significant changes relate to the different regulation of the tax deduction for investments in manufacturing. The main objective…
Croatia has introduced new legislation regarding non-taxable payments which became applicable as of September 1, 2019 (Personal income tax act bylaw, Official gazette 80/19). The changes introduced are as follows: Nontaxable domestic daily allowance (per diem) • The nontaxable amount…