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Eurofast is a regional business advisory organisation employing local advisors in 21 cities in South East Europe & Middle East (SEEME). The…
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Eurofast | Cyprus | 26 Aug 2020

60-day rule - Cyprus Tax Residency

According to the Income Tax Law of 2002, the Cyprus tax residency- based system constitutes individuals physically spending over 183 days within a…
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Eurofast | Egypt | 20 Aug 2020

القانون رقم 170 لسنة 2020

فى 13 أغسطس 2020 ، أصدرت الحكومة المصرية القانون رقم 170 لسنة 2020 و الذى يطالب الشركات بخصم 1% من رواتب جميع موظفيها لمدة (12) شهرا ً إعتبارا ً من…
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Eurofast | Egypt | 19 Aug 2020

Egypt issues law 170 on salaries and pensions deductions during the pandemic

On August 13th 2020, the Government of Egypt issued Law No. 170 for the year 2020. The law requires companies to deduct 1% from all its employees’…
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Eurofast | Cyprus | 3 Aug 2020

New generation passports, residence permits and ID cards to be issued to Cypriot citizens

Applications for the long-awaited new generation electronic Cyprus passports, residence permits and ID cards have begun as of the 30th of July 2020…
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Eurofast | Egypt | 28 Jul 2020

New individual tax rates & penalties on tax differences (law No. 26 2020)

On May 7th, 2020, the Government of Egypt issued Law No. 26 for the year 2020 that amended specific articles in the Income Tax Law No. 91 for the…
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Eurofast | Cyprus, Switzerland | 27 Jul 2020

Cyprus - Switzerland DTT and signed Protocol

Cyprus and Switzerland, signed a protocol on Monday 21st July 2020, amending the existing double taxation agreement of 2014 intending to strengthen…
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Eurofast | OECD, Ukraine | 21 Jul 2020

Controlled foreign companies (CFC) rules in Ukraine

The controlled foreign companies (“CFC”) rules are a powerful mechanism allowing authorities to tax the foreign profits of residents. Ukrainian CFC…
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Eurofast | Belgium | 15 Jul 2020

Bulgaria enters the Eurozone’s “waiting room”

Germany’s assumption of the Presidency of the EU began on the 10th of July 2020. Along with it came the long-awaited announcement that Bulgaria and…
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Eurofast | Romania | 13 Jul 2020

Romania: three major changes to the Company Law

On the 2nd of July 2020, after an almost six month wait, the law that allows for the de-bureaucratisation of company incorporations in Romania, was…
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Eurofast | Ukraine | 6 Jul 2020

Ukraine is launching a pilot project of E-residency

On Thursday, June 25, the Cabinet of Ministers of Ukraine adopted a decree “On implementation of a pilot project of electronic residency in Ukraine”…
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