Measures to Stimulate the Maintenance/Increase of Equity and Clarifications regarding the Corporate Income Tax Bonus

Emergency Ordinance No. 153/2020 for the establishment of fiscal measures to stimulate the maintenance/increase of equity, as well as for the completion of normative acts was published in the Official Gazette No. 817/2020. Measures to stimulate the maintenance/increase of equity Taxpayers (corporate income taxpayers, micro-enterprises taxpayer, and specific taxpayers), benefit from the following reductions of annual income tax/micro-enterprises income tax/specific tax: 2%, if the accounting equity is positive in the year for which the tax is owed (for taxpayers legally obliged to constitute…

COVID-19: New Tax Measures Adopted by Law 4690/2020

Authors: Panagiotis Pothos, Ioanna Barmpa, Emmanouela Kolovetsiou, KG Law Firm The measures introduced by the Legislative Acts of 13 April 2020 and 01 May 2020 in relation to the COVID-19 outbreak were ratified by Law 4690/2020 which was published on the Government Gazette A 104/30.05.2020. Also, a number of additional measures have been introduced by the Greek Government through the new Law, the most important of which are the following: Extension of the 25% discount for timely payment of assessed tax liabilities and instalments of assessed liabilities as a result of a settlement, with payment…

COVID-19: Intervention Measures to Support the Slovenian Economy

On 21 April 2020, the Slovenian Government proposed the amendments to the Act on Intervention Measures for Suppression of COVID-19 Epidemic and Mitigation of its Consequences for Citizens and the Economy as adopted by the Slovenian Parliament on 3 April 2020.

Update on COVID-19-related Fiscal Incentives and Direct Financial Aid to Corporate Sector in Serbia – Status on 1 May 2020

BDK Advokati provides an update on COVID-19-related Fiscal Incentives and Direct Financial Aid to the corporate sector in Serbia.

Montenegrin Government Adopts Measures to Support the Economy amidst the Coronavirus Epidemic

The Government of Montenegro adopted two sets of measures in order to mitigate the adverse effects of the COVID-19 epidemic on the economy, as well as on the most vulnerable categories of citizens.

Update on COVID-19-related Fiscal Incentives and Direct Financial Aid to Corporate Sector in Serbia

Commercial entities qualify for the fiscal incentives and direct financial aid if they have not reduced their employee headcount in the period from 15 March 2020 until 10 April 2020 for more than 10%

Update on the Fiscal Measures Adopted by the Greek Government in Response to the COVID-19 Pandemic

The Greek Government has implemented an additional set of measures through the Legislative Acts of 13 April 2020 and 30 March 2020 to combat the adverse effects of the COVID-19 pandemic.

Tax Exemptions Due to COVID-19 Crisis

In order to help the local businesses, the Government of the Republic of North Macedonia adopted two decrees with legal effect as law, providing tax exemptions primarily for businesses working in most affected sectors, such as tourism, transport and hospitality, applicable to companies and taxpayers which are performing an independent activity.

Serbian Government Unveils the Details of COVID-19-related Fiscal and Direct Financial Aid to Corporate Sector

Serbian Government unveils the details of COVID-19-related fiscal and direct financial aid to the corporate sector. BDK Advokati’s partner Tijana Kojovic and attorney at law Jelena Malesevic provide the details.