Intrastat Reporting in Croatia
Like all EU Member States, the Republic of Croatia is obliged to collect statistical data within the framework of the Intrastat system. Companies that meet the criteria set by the Croatian government and exceed the defined thresholds for receiving and sending commercial goods in Croatia are obliged to fill out the Intrastat declaration and submit […]
Family Constitutions in Succession Planning
Succession planning and ownership transitions, especially in family businesses, can be challenging. In many cases, the current owner and the successors have different levels of motivation and disparate timelines. While ownership transitions benefit both the original owner and the new owner, there are many pitfalls to avoid. The devil is in the details, as they […]
Start-Up Business in Pakistan
In recent years, there has been strong growth in start-ups in Pakistan. According to the Security and Exchange Commission of Pakistan (SECP), the country has moved up in the World Bank’s Ease of Doing Business Index for the second consecutive year since 2019, going from 130th to 72nd in the ‘Starting a Business’ category. Over […]
Ecovis is now offering audit services in Serbia
In addition to our colleagues of ECOVIS SEE (tax and accounting) we welcome our new partners from ECOVIS FinAudit headquartered in Belgrade to our network. ECOVIS FinAudit was founded on the 9th of June 1996 in Belgrade and is one of the oldest and one of the biggest audit companies in Serbia. Jelena Slovic and […]
Doing Business in Cyprus
The Cypriot government has released its new strategy action plan for attracting international businesses to Cyprus. The emphasis is on technology, shipping, innovation and research & development. Implementation will start in 2022. The Ecovis experts explain the most important measures. Transformation of the existing Fast Track Business Activation Mechanism into a Business Facilitation Unit (BFU) […]
Branch Office Taxation: Establishment and Operation in Croatia
The OECD model convention for the avoidance of double taxation defines the conditions for establishing a business unit. Company law in Croatia regulates the establishment procedure and tax monitoring for companies from non-EU or non-EEA countries when they open a branch office. Doing business in more than one country through some form of business unit […]
Cross Border Remote Work Considerations outside the US
If employers send employees abroad, or if they wish to work in a country other than the USA, various tax and non-tax details, such as health insurance or social benefit programmes, must be checked. In addition, the employer must pay close attention that the work of the employee does not become a permanent establishment and […]
Why Should You Implement an Employee Share Option Plan?
A share option programme is a long-term solution for finding and retaining employees. Employee participation programmes are a great way to create targeted incentives, often in a tax-efficient manner, and to encourage employee engagement. Employers often compete aggressively for the best talent: they pay higher salaries, offer teleworking, discounted meals, and many other often short-lived […]
Equal Pay for Equal Work in Japan
Equal pay for equal work regulations came into effect in Japan in April 2020, and in April 2021 for small and medium-sized companies. The aim is to remove unreasonable disparities in working conditions between non-regular (part-time or fixed-term employees) and regular employees. Consequently, many companies now face the challenge of ascertaining what the legally defined […]
VAT registration in Slovakia: Amendments to the VAT Act
With the amendment of the Slovakian VAT Act, the government is introducing several measures to improve VAT collection. These include the obligation to report bank accounts, changes to the VAT guarantee and introduction of split VAT payment, as well as new rules for the refunding of excess input tax deductions. The changes will be introduced […]