Tax

Why Is North Macedonia a Business Haven in Europe?

North Macedonia, strategically located in the heart of the Balkan Peninsula, south-eastern Europe, is a landlocked country with a unique advantage. Its position between two main European corridors, coupled with political and democratic stability and a favorable tax and regulatory framework, makes North Macedonia a promising destination for potential foreign investors. The country offers abundant possibilities, especially in greenfield investments, renewable energy, software, IT services, logistics, construction, cannabis production, agriculture, food services, tourism, etc.

Sweeping Changes to Games of Chance Regulations

The proposed Draft Law on Amendments and Supplements to the Law on Games of Chance brings several important changes, certain new legal solutions as a result of the needs of practice and market development, harmonization of the text of the law with technological development in this area, but also introduces new obligations to organizers and significantly increase in fees for obtaining approval and for organizing of games of chance.

Nicolas Wolski Becomes Head of Tax at BPV Huegel

Nicolas Wolski has become the new Head of Tax at BPV Huegel, taking over from Partner Gerald Schachner.

Changes in Value Added Tax Rates in Slovakia

The National Council of the Slovak Republic has recently approved significant changes to the Value Added Tax (VAT) rates, which will come into effect as of January 1, 2025. Here are the key updates:

Waiver of Interest on Outstanding Tax Obligations in Montenegro

The Law on the Waiver of Interest on Outstanding Tax Obligations (“Law”) has been officially adopted and will take effect on 1 January 2025. This Law allows for the waiver of unpaid interest on tax obligations that became due before 31 December 2024.

New Transactions Tax in Slovakia from 2025

From 1 April 2025, Slovakia will introduce a new financial transactions tax (daň z finančných transakcií) as part of the government´s consolidation package. This is not an early April fools' day joke.

Tax Law Drafts Published

On October 16, the Ministry of Finance published draft amendments of, as many as, 7 laws in the field of taxation, with an invitation to interested parties to submit comments, suggestions and objections to the published drafts by October 23. In addition to tax laws, drafts and amendments to the Law on Public Property and the Law on Republic Administrative Fees were published.