In light of the Covid-19 crisis, the Ministry of Public Finance of Romania has announced that it will guarantee up to 80% of the value of the financing granted to SMEs. Details of the credit lines to be provided are…
On March 15th, 2020, the Government of the Republic of Cyprus unveiled new measures to combat the impact cause by the Covid-19 crisis. Some of these measures include: “Special Leave” allowance for parents, not exceeding the amount of €1,000 (€1,200…
On Sunday, March 15th 2020, the Cypriot Government unveiled a series of measures aimed at assisting small and medium sized companies address the adverse effects of the Covid-19 crisis. Some of the measures include: GHS- An important change is introduced…
The Greek Parliament, aiming at the revitalization of the real estate market nationwide, ratified the Law 4635/2019 which among other important provisions on investing in Greece, includes significant amendments on the Golden Visa scheme. More specifically, according to the amended…
At the end 2019, the Albanian Government proposed a draft law to the Albanian Parliament, introducing several changes to the Income Tax Law. This draft law was approved by the Albanian Parliament during December 2019. While the changes do not…
Cypriot taxpayers will be pleased to hear that the settlement of overdue taxes – by providing a relief on penalties and interest – incurred up to the year 2015 has now been extended until August 2020. The House of Representative…
On 11th February 2020, the Hellenic Business Association organized the traditional Vasilopita cutting in the Grand Casino in Belgrade. Members of the HBA and friends of the Association had the opportunity to meet the new Minister Counsellor (Economic & Commercial…
On 2 July 2019, a Draft Law amending the Tax Code of Georgia was adopted by the Parliament of Georgia. The objective of the Draft Law was the approximation of the Georgian Tax Legislation on Value Added Tax (VAT) with…
The Greek authorities have reduced the taxation rate of dividends from 10% to 5% effective from 1 January 2020 onwards. As a result, the percentage of the withholding tax on dividends has been reduced to 5% as well. Certain clarifications…
Increase of social security contribution rates Employees in North Macedonia have been witnessing a steady trend of increasing social security contribution rates in recent years. The Government is constantly trying to ensure more stable revenues to the Pension and Disability…