The Georgian Finance Minister, Vano Matchavariani, recently announced that companies offering IT and maritime services that apply for, and obtain, the status of an international company within the country, will be able to enjoy favourable terms of taxation in Georgia….
We would like to inform you that the extended suspension of operation of the information system “Central Register of Ultimate Beneficiary Owners (“UBOs”) per article 20 of law 4557/2018 expired on October 1st, 2020. The entities doing business in Greece…
The Serbian Labor Minister, Zoran Đorđević, recently announced amendments to the Law on Employment of Foreigners and the Law on Foreigners. The amendments aim at securing higher state revenues from the increasing number of foreigners working online remotely from Serbia…
North Macedonia became the 117th member to join the Inclusive Framework (“IF”) for the global implementation of the Base Erosion and Profit Shifting (BEPS) Project in August 2018. Under this framework, North Macedonia was committed to implement Action 5, Action…
The capital of Bulgaria, Sofia, was ranked among the top 25 cities in Europe at the “fDi and TNW’s Tech Cities of the Future” for 2020/21. Sofia is one of the two South-East European cities included within this first- time…
The Cyprus Parliament on 19 June 2020 has voted the Cyprus transposition of the European Union (EU) Anti-Tax Avoidance Directive (ATAD) for Exit taxation and Hybrid mismatch rules, which essentially completes Cyprus’ transposition of the EU ATADs i.e. ATAD I…
Eurofast recently appointed two new members to the Board of Directors. Antonis Gavrielides is the Director of Eurofast Greece. Mr. Gavrielides has a Master’s Degree in Business Administration from the University of Cyprus and has been part of Eurofast for…
The Cyprus Parliament on June 19th 2020, voted for the Cyprus transposition of the European Union (EU) Anti-Tax Avoidance Directive (ATAD) for Exit taxation and Hybrid mismatch rules. The Directive essentially completes Cyprus’ transposition of the EU ATADs i.e. ATAD…
Following the introduction of the non-dom regime for high net-worth individuals (HNWIs) in Greece, the Greek Parliament voted further the Law 4714/31.7.2020 regulating the non-dom regime specifically for foreign pensioners. In brief it stipulates that individuals, being beneficiaries of pension…
On August 16, 2020, the Government of Egypt issued Law No. 173 for the year 2020. The law was issued to waive penalties for delayed tax payments and interest on tax differences and penalties for delayed payments. Main points &…