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Greece: Abolishment of stamp duty on loans between enterprises
Assessing the situation two years after the landmark Decisions no. 2163/2020 and 2323/2020 of Greece’s Supreme Administrative Court. In 2020, with the Decisions no. 2163/2020 and 2323/2020, the Hellenic Council of State (Greece’s Supreme Administrative Court) held that the granting of interest-bearing loans falls within the scope of VAT and therefore said loans are not …
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Albania digitalizes all public services
The Albanian Minister for Standards and Services recently announced the closure of 95% of the public service counters by the end of April. Almost all applications and claims, from now on, should be submitted online, and all official documents will be issued electronically as of May 1st 2022. In the past, only specific public services …
Serbia: In preparation of Labour Law amendments
New proposed amendments to the Labour law are expected to substantially improve the position of workers, correct all shortcomings of the current law, and clearly define the areas concerning the rights and obligations of workers and employers. The changes are said to guarantee individual and collective rights, protection before courts and inspection bodies, and labour …
Bosnia: Government Measures to Increase Salaries
-Obligation of a paid hot meal to all employees- As the Government is continuously taking actions to improve employee benefits packages and prevent a potential outflow of workers starting from 22.02.2022, all employers in the Republic of Srpska are, legally, obliged to pay workers a compensation, in cash, for the cost of a hot meal, …
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Albania: VAT Refund process update
A new online VAT refund platform, provided by the General Directorate of Taxes, is available in Albania since 7 March 2022. This platform will be used to create, track, and review any VAT refund claim made by taxpayers. All VAT refund cases, starting from this date, will be submitted online. Taxpayers must follow a series …
Why are more and more companies choosing to outsource their payroll function?
The most obvious reason is cost; the time spent calculating wages, taxes, various contributions and finally paying employees is greatly reduced when the process is outsourced. Anyone that has had the pleasure of processing payroll will know that is a complex and time-consuming task. It requires meticulous record-keeping, comprehensive tax knowledge, extreme attention to detail …
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Albania: Minimum salary and income tax changes
Through an ultimate update of the decision no.158 “On Determining the National Minimum Wage”, on 12.03.2022, of the Council of Ministers, it was decided to increase the minimum monthly salary to ALL 32 000. The current minimum salary is ALL 30,000. The new minimum salary shall be effective as of April 1st, 2022. Following the …
To Κρυπτονόμισμα γενικά, αλλά και στην Ελλάδα
Το κρυπτονόμισμα είναι ένας τύπος ψηφιακού νομίσματος που χρησιμοποιείται μόνο ηλεκτρονικά. Θα μπορούσε να πει κάποιος ότι τα Bitcoin και Ether είναι τα πιο ευρέως διαδεδομένα κρυπτονομίσματα, ωστόσο, υπάρχουν πολλές διαφορετικές εταιρείες κρυπτονομισμάτων, καθώς και νέες, που καθιερώνονται συνεχώς σε διεθνές επίπεδο. Εφόσον αναλύουμε μια λέξη που έχει να κάνει με μυστικά, η «κρυπτογραφία» έχει …
Cyprus builds bridges for foreign digital nomads
Council of Ministers increases the number of potential holders of Cyprus Digital Nomad Visa up to 500 in March 2022. Due to the rapid pace of the digital transformation and promotion of Cyprus’ image as a business European «heart», the Council of Ministers offers the opportunity to nationals from non-EU and non-EEA countries to work …
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