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16 Years in the Making: Montenegro Unveils Direct Payment System with Serbia and Bosnia

Montenegro, News-Montenegro / By

In a groundbreaking move, Montenegro is set to establish a direct bank payment system with Serbia and Bosnia and Herzegovina after a long-awaited 16-year period. This initiative promises significant benefits, including lower transaction fees for both citizens and companies, as well as faster transactions. The direct payment system will be facilitated through Universal Capital Bank, …

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Labor Laws Unleashed: Your Must-Have Info on Greece\’s Latest Employment Regulations

Greece, News-Greece / By

Embarking on a journey of modernization, the Greek Parliament has just given the nod to Law 5053/2023 after an extensive public consultation period. The ratified law incorporates a set of amendments that notably impact various aspects, including employment contracts and the functionality of the online system known as Ergani. This digital platform serves as a …

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Bulgaria\’s 2023 Commerce Law Amendments: A Fresh Look at Insolvency Proceedings

Bulgaria, News-Bulgaria / By

In the dynamic landscape of 2023, Bulgaria underwent a remarkable metamorphosis in its insolvency proceedings due to game-changing amendments to the Commerce Law. These changes not only impact the bankruptcy processes for legal entities but also introduce an entirely new bankruptcy procedure for natural persons operating as entrepreneurs. This article unravels the thrilling twists in …

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Strategic Shifts: Georgia\’s Updates on Non-Resident Employee Registration

Georgia, News-Georgia / By

Georgia\’s workforce is undergoing a revolutionary transformation with the implementation of a groundbreaking law on September 1st,2023. This legislation signifies a crucial advancement in the registration process for non-resident employees. Local employers engaging foreign individuals without a permanent residence permit in Georgia are now subject to specific obligations. These obligations entail the necessity for local …

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Money matters: Serbia\’s jazzed-up edition of personal tax and social security laws

News-Serbia, Serbia / By

The Republic of Serbia\’s National Assembly recently gave the green light to stirring amendments in both the Personal Income Tax Law and the Law on Social Security Contributions. These changes are slated to take effect on the eighth day following their publication in the Official Gazette of the Republic of Serbia and will be applicable …

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Bridging Borders: Albania and Croatia Seal Historic Social Security Agreement

Albania, News-Albania / By

Embarking on a shared journey of social security solidarity, the recent accord between Albania and Croatia transcends borders to weave a safety net for citizens. This groundbreaking agreement harmonizes the social landscapes of both nations, ensuring a synchronized dance of benefits and support. The social security agreement between Croatia and Albania, inked on October 2, …

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Big News Alert: New Frontier of Salary Protection in Cyprus

Cyprus, News-Cyprus / By

Cyprus Ministry of Labour unveils game-changing salary protection reforms. The freshly enforced Law, No. 25(I)/2023 (as of April 16, 2023), synchronized with EU Directive 2019/1152, empowers employee conditions with greater clarity and predictability. Some of the most important provisions of the new Law are: the time given to the employer to inform the employee regarding …

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Cyprus Circular 9/2023: Your Essential Tax Update

Cyprus, News-Cyprus / By

Eurofast Accounting Team in Cyprus is delighted to bring you the latest insights from the Cyprus Tax Authorities. On the 20th of October 2023, the Tax Department issued Circular 9/2023, a significant development aimed at providing clarity on the revised income tax declarations, in accordance with Article 5B of the Certification and Collection Law and …

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Work, Study, Thrive: Bulgaria\’s Supportive Initiative

Bulgaria, News-Bulgaria / By

Employers who involve ongoing learners in their workforce exhibit a praiseworthy dedication to advancing both their industry and their workforce. Concurrently, they must maintain a comprehensive awareness of the complexities and repercussions tied to such hiring choices. In a similar vein, Bulgaria has introduced study leave provisions for employees actively pursuing educational endeavors. Bulgarian labor …

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Cyprus: Revamping Tax Appeals for a Brighter Financial Horizon

Cyprus, News-Cyprus / By

Whether in Cyprus or elsewhere globally, submitting tax objections is your ticket to reclaiming your hard-earned money and ensuring fairness in the tax system. Don\’t let overburdened tax bills or inaccuracies in your tax assessment go unchecked. By voicing your concerns through the proper channels, you are not just standing up for yourself; you are …

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