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Bulgaria has the most affordable labour force in the EU

A report released by Eurostat revealed the countries where employees get the lowest hourly rates in the EU. Bulgaria has the lowest average hourly rate (EUR 3,5), followed by Romania (EUR 4,2), Lithuania (EUR 5,5) and Latvia (EUR 5,9). The payment received by a Danish employee for one hour is equal to the payment which a Bulgarian employee will get for about eleven hours. Denmark is the EU leader in respect to hourly wages. Danish employees get on average EUR

Latest articles about Doing Business

The United States and France lobby for a minimum global corporate tax rate

In February 2019, the U.S. Treasury Secretary Steven Mnuchin stated that the United States supports the proposal of France to

Payment transfers to and from EU countries that do not use euro will become cheaper

The European Union adopted amendments to Regulation No 924/2009 that will allow EU countries that are not members of the

The post-Brexit UK may be based on the Singapore model

Introduction According to Jeremy Hunt (the UK Foreign Secretary), Singapore can serve as a model for the post-Brexit UK. In

Poland decreases its corporate tax rate in specific cases

On the 1st of January 2019, a new Polish tax legislation entered into force. It reduced the corporate income tax

Latest articles about Living, Citizenship, Residence

Andalusia abolishes most of its inheritance taxes

The Spanish province of Andalusia was widely known for its high inheritance tax rates. Since the tax authorities were assessing

Greece uses drones to find tax fraud

The Greek tax authorities announced that they used surveillance drones to document tax violations on the island of Santorini. The

Italy plans a 10-year tax holiday for residents of Sicily, Sardinia and Calabria

People who dream about spending more time in Southern Italy, enjoying its delicious cuisine and sunny climate, may get a

Uganda first to introduce a Gossip Tax

The world has witnessed various weird taxes, such as the Russian tax on beards, the tax on Chinese immigrants into

Latest articles about Estate Planning

Taxation in Georgia

Georgia, a country in the Caucasus region, is located on a crossroad between European and Asian markets. Due to Georgia’s

Will UK Tax Your Castle?

The UK considers introducing a mansion tax which will target the properties that are worth more than £2 million. The

Luxembourg Announces Tax Amnesty Plan

Luxembourg has recently announced its first tax amnesty plan for undeclared income. The temporary tax amnesty scheme for 2016-2017 aims

Dubai Launches Wills and Probate Registry

Dubai International Financial Centre (DIFC) launched a Wills and Probate Registry based on common law. The Registry aims at simplifying