PAYMENT OF SALARIES ONLY BY BANK TRANSFER
With State Gazette No. 66 of 01.08.2023 the obligation for employers with more than 100 employees to pay salaries only by bank transfer was introduced. The changes enter into force from 01.09.2023.
More specifically, the legislator introduces the following additions:
1. In the Labor Code
The provision of Art. 270, para. 3 of the Labor Code provides for the possibility for the...
Legal aspects of crypto-currency and their future regulation
What is crypto-currency?
The answer to this question is largely unclear at this moment, but still attempts have been made to define what exactly this new type of payment instrument is. One of the first attempts to define the concept dates back to 2015, when in one of its decisions (on case C ‑ 264/14 CJEU) the Court of Justice of the European Union accepted that “bitcoin” is...
PROPOSAL FOR INTRODUCTION OF NEW VAT RATES
On the 7th of December 2021 the European Commission announced on its website that the ministers of finance of the EU-member countries have reached an agreement to update the existing rules on VAT rates for goods and services.
Such reform has already...
Global minimum tax
A hot topic in international tax law recently is the proposal of the Group of 7 for introducing a global minimum tax rate of 15%.
The G-7 proposal was approved also by G-20 in July 2021 and was officially adopted at the meeting in Rome. OECD has to draw up a detailed plan for the introduction of the new tax rate. It should be noted that оut of a total of 139 OECD member states, 137 have...