Ministry of Finance clarifies registration of foreign entities for VAT purposes

Serbia/June 2016 Ministry of Finance clarifies registration of foreign entities for VAT purposes On May 23, 2016, the Serbian Ministry of Finance announced its clarifying opinion on tax representation of a non-resident...

Cyprus: Immovable Property Tax Reform

Cyprus/June 2016 Cyprus: Immovable Property Tax Reform On 1 June 2016, the Cyprus Council of Ministers approved the reduction of immovable property tax rates by 50% from 1 per mille (that had...

Georgia to Amend Corporate Income Taxation Rules

Georgia/June 2016 Georgia to Amend Corporate Income Taxation Rules The Ministry of Finance of Georgia has recently initiated important changes in the system of corporate income taxation, particularly related to the moment...

Alert For Individuals And Companies With Bank Account In Cyprus

Cyprus/May 2016 Alert For Individuals And Companies With Bank Account In Cyprus Amendment (No.1) to the Directive to credit institutions for the prevention of money laundering and terrorist financing (4th edition).

Changes To BVI Anti Money Laundering Code of Practice

May 2016 Changes To BVI Anti Money Laundering Code of Practice Changes to the BVI AML Code of Practice and Regulations were effected since 1st January 2016, which are summarized below. 

Latest Amendments To the Accounting Act, Effective As Of January 1st 2016

Croatia/May 2016 Latest Amendments To the Accounting Act, Effective As Of January 1st 2016 As of January 1st 2016, new amendments to the Accounting Act have been entered into force thereby enacting...

UK: Register Of People With Significant Control (PSC)

May 2016 UK: Register Of People With Significant Control (PSC) All United Kingdom incorporated Companies and Limited Liability Partnerships (LLPs) according to the new legislation were required to identify and record the...

Automatic Deletion of FYR Macedonian Inactive Entities

FYR Macedonia/ May 2016 Automatic Deletion of FYR Macedonian Inactive Entities: Conditions, Requirements And Consequences Due to the simplicity of registering a company in FYR Macedonia and the myriad of tax incentives...

VAT Deduction Of Holding Companies

May 2016 VАT Deduction Of Holding Companies On 16th of July 2015, the CJEU issued its judgment concerning the VАT deduction of holding compаnies. The decision, also, gives us the аnswer whether...

Ukrainian Merger Control Developments

Ukraine/May 2016 Ukrainian Merger Control Developments On January 26, the Ukrainian Parliament passed the Draft Law No. 2168a Ukraine “On Introducing Changes to the Law of Ukraine “On the Protection of Economic...

European Commission Forecast For 2016: Montenegro

Montenegro/May 2016 European Commission Forecast For 2016: Montenegro According to the winter European Economic forecast of the European Commission, published  on February 4th, Montenegro's economic growth will be 4%. According to the projections,...

Federation of Bosnia Herzegovina Amends Profit Tax Law

Bosnia Herzegovina/May 2016 Federation of Bosnia Herzegovina Amends Profit Tax Law The Official Gazette of the Federation of Bosnia Herzegovina (FBIH), no. 15/16 as published on...

Cyprus - USA: FATCA Competent Authority Arrangement Concluded

Cyprus/May 2016 Cyprus - USA: FATCA Competent Authority Arrangement Concluded  The Government of the United States of America and the Government of the Republic of Cyprus have concluded an agreement aimed at...

FYR Macedonia Ratifies Double Tax Treaty With United Arab Emirates

FYR Macedonia/May 2016 FYR Macedonia Ratifies Double Tax Treaty With United Arab Emirates On 1 April 2016, the FYR Macedonian parliament ratified the tax treaty signed with the United Arab Emirates (UAE)...

Secondment Of Employees In the Framework Of Transnational Provision Of Services - G.E.O. no. 28/2015

Romania/May 2016 Secondment Of Employees In the Framework Of Transnational Provision Of Services - G.E.O. no. 28/2015 Companies using secondment as a method of employee mobility should be familiar with the provisions...

Join us on social media

JoomShaper