On 5 November 2024, ECOFIN (the European Council on Economic and Financial Affairs) adopted the proposal ‘VAT in the Digital Age’. The new rules are intended to make the levy of VAT in the EU simpler and more resistant to fraud. In this article, our Baker Tilly International network partners in the Netherlands discuss ECOFIN’s…
ESG encompasses almost all areas of a company’s business: from its operations to its environmental practices and employee policies, to how it is affecting communities and managing risk. Ultimately, ESG criteria can give savvy investors, regulators and customers an insider’s look into the non-financial issues that make or break a company. Amidst the myriad of…
Corporate Social Reporting Directive On 5 January 2023, the Corporate Sustainability Reporting Directive (CSRD) has entered into force and is expected to affect approximately 50,000 companies across the EU. Under this directive, companies need to disclose their environmental, social and governance (ESG) practices and performance. CSRD-flash-letter-eng
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With State Gazette № 25 form 22.03.2024 changes concerning the Ordinance on keeping, storing and accessing the Commercial register were adopted. The essential ones concern the process of announcement of the UBO under the Measures Against Money Laundering Act (MAMLA) which is mandatory for companies owned by a foreign legal entity. 1. Detailed description of…
Απο τα πρώτα χρόνια των δραστηριοτήτων της υπό τη διεύθυνση του Μάριου Κλείτου, η επιχείρηση κατάφερε να προσελκύσει στην Κύπρο μεγάλες ελληνικές εταιρείες που είχαν επενδύσει στη Ρουμανία και τη Βουλγαρία. Το γεγονός αυτό ώθησε την ηγεσία της επιχείρησης να τις ακολουθήσει στις δυο αυτές βαλκανικές χώρες: «Επρόκειτο τότε για δύο υπό ένταξη στην ΕΕ…
Three important EU laws that we should look out for in 2024 Article by: Constantinos Michael, Director – Legal Services , Baker Tilly South East Europe Considering that 2023 was the “year of AI”, it seems now that 2024 is already moving to be quite similar. There is great hype about envisaged and proposed legislation…
Under State Gazette № 27 issued on 29.03.2024 changes relating to remote working location, conditions and procedures for implementation were adopted as follows: Place and nature of work They must be defined in the employment contract, and more than one place of work may be negotiated. The employer may change the place of work up to 30 working days…
Do you want to work for an employer who really listens to your ideas and provides a framework where you can effect positive change? Do you want the complexity of work, but still maintain some work-life balance? Do you crave challenging projects to get your teeth into? A sensible approach to agile working? Or maybe,…