Law 5162/2024 (“New Law”), which aims to enhance business innovation and competitiveness through tax incentives for investments in start-ups, introduces significant changes in Law 4172/2013 (Income Tax Code) and Law 5038/2023 (Immigration Code) providing substantial benefits and opportunities to Angel Investors.
Ukraine Introduces Tax Increases
The Law of Ukraine on Tax Increases №4015-ІХ, adopted by the parliament and awaiting presidential signature, came into effect on November 30, 2024. Below are the key changes to the taxation system.
Austria: (Partial) Suspension of the Double Taxation Agreement with Russia – Implications for Taxpayers
On December 7, 2023, Austria saw a significant shift in its tax regulations with the suspension of key provisions in the double taxation agreement (DTA) with Russia.
Serbia: Temporary Tax Decisions – Will the Tax Administration’s Practice Change in 2024?
As of December 14, 2022, the Tax Administration of the Republic of Serbia started passing temporary tax decisions imposing payment of individual income tax based on agreed remuneration for the copyright and related rights and agreed remuneration for performed work with contributions for mandatory social insurance. These decisions targeted both Serbian and foreign citizens who made a profit abroad and transferred it to bank accounts in the Republic of Serbia during 2017 and 2018. For the first time in the country’s tax practice, tax liability was assessed automatically by passing temporary tax decisions, without conducting tax proceedings.
Hungary: Accommodation Services in Tax Spotlight
One of the sectors contributing the most to the Hungarian GDP is tourism, with nearly 16 million guests spending more than 41 million overnight stays in Hungary in 2023. According to the data of the Hungarian Central Statistical Office, foreign tourists spent 11,866,669 overnight stays in Hungary in 2023, of which 59.20% chose hotels, 32.36% stayed overnight in private and other accommodations, and 8.44% chose community accommodations.
Croatia: New Round of Changes to Tax Rules in 2024
In 2024, Croatia introduced another round of changes to its tax rules, with further novelties announced for 2025 aimed at fair taxation of property and bringing order to the residential rent market.
Lithuania: Tax Increases to Fund National Defense
The ongoing war in Ukraine has sparked governments to take defense seriously. The Lithuanian government is no exception here – as of 2025, Lithuania is set to increase defense spending.