By Biljana Svaljek, Infokorp d.o.o.
Becoming a part of the EU made it easier to purchase real estate in Croatia. Although the country is not large, it has a diverse territory, including many islands. Therefore, each year, interest in purchasing real estate for various touristic services increases. There are several things that must be considered when purchasing and selling real estate in Croatia.
By Dr Sergio Finulli; COMMA 10 Chartered Accountants & Lawyers
The EU ATAD (European Union Anti-Tax Avoidance Directive) No. 2016/1164 introduced a general anti-abuse rule in Article 6 that not only replaces and standardises the anti-abuse rules included in the three directives which regard corporate income tax (company mergers, parentsubsidiary, interest and royalties), but also extends the scope in the national legislations of the member states.
By Jenni Jenkins and George Jackson, Memery Crystal LLP
In 2006, Great Britain gave effect to the Cross-Border Insolvency Regulations (CBIR) (which enacts the UNCITRAL Model Law and is the equivalent of US Chapter 15), which provides a framework for English courts to recognise crossborder insolvency proceedings.
By Ekaterina Kabanova, KBK Accounting
The appeal court of the city of Nizhny Novgorod made an interesting pronouncement, in June 2019, accepting that it is possible to notify an employee about an upcoming dismissal due to staff reduction via email. This court decision appears to be quite uncommon; the current judgement insists on execution of all staff-related documentation on paper and only reluctantly gives weight to materials in other forms and without the “real” signature on it.
By Edith Huber-Wurzinger, Gaedke & Angeringer Steuerberatung GmbH
Austria presses ahead with a new tax on advertising service of internet giants after plans for an EU-wide levy fell. From the beginning of 2020, therefore, Austria will tax firms like Google, Amazon, Facebook, and Alibaba, 5% of their advertising revenue from within Austria.