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January 2012 / In this Issue:

monthly feature Monthly Feature New Austerity Measures and Tax Implications   montenegro Montenegro Montenegro and Serbia Tax Treaty entered into force
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cyprus Cyprus Buying Cyprus Property with safety: the new Specific Performance Law   albania Albania VAT in Albania
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greece Greece Real Estate Tax Alert by ZEPOS & YANNOPOULOS,Taxand Greece   macedonia FYR Macedonia FYR Macedonian Micro and Small Businesses now exempt from Profit Tax Payments
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bulgaria Bulgaria The New Law on the Activities of Collective Investment Schemes and other Collective Investment Undertakings Boosts the Development of Bulgarian Investments Market   kosovo Kosovo Kosovo 2012 budget adopted
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romania Romania Tax Hot Topics by Tax House, Taxand Romania   bosnia Bosnia Amendments to the tax laws of Republic of Srpska (RS)
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serbia Serbia Taxation of non-resident companies on rental income gained from immovable property in Serbia   egypt Egypt Egypt plans for budget savings in 2012
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