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Latest Briefings

Customs regulations mainly related to transit procedures amended

By Branimir Rajšić In January 2019, a new Regulation for the Implementation of the Customs Law in Montenegro (“Regulation”) has entered into force. The most significant changes relate to transit under TIR and ATA carnets. There is a new strict method of conducting the movement check for such goods, documents that should be provided to […]

North Macedonia: latest amendments to the tax legislation

By Branimir Rajšić New Law on Personal Income Tax The new Law on Personal Income Tax (“PIT Law”), applicable from 1 January 2019, abandons the “flat” tax rate and introduces progressive taxation. Besides a tax rate of 10%, the new PIT Law envisages a tax rate of 18% and 15%, applicable to different types of […]

Arm’s Length Interest Rates for 2019 Published

The Ministry of Finance issued the rulebook where it prescribed arm’s length interest rates for 2019. The practice of rate decreases and the consequent decrease of tax-deductible expenses is continued. Under the rulebook, the arm’s length interest rates for loans provided to Serbian companies are as follows: 4.98% for short term loans in RSD, 5.69% for long term loans […]

Slovenian tax consultants should report cross-border arrangements from 2020

By Branimir Rajšić The proposed amendment to the Slovenian Tax Procedure Act, implementing the Directive 2018/22 on the automatic exchange of information, sets out new rules for reporting on information related to certain cross-border arrangements of the companies to the Financial Administration of the Republic of Slovenia (“FURS”). According to the proposed amendments, Slovenian tax consultants or […]

The new Serbian data protection law – everything you wanted to know but were afraid to ask

On 21 March, Karanovic & Partners held the “New Serbian Data Protection Law – Everything You Wanted to Know but Were Afraid to Ask” presentation at our Belgrade office. The event was attended by over 70 representatives from leading Serbian companies, as well as legal and HR professionals. Partner* Goran Radošević and Senior Associates* Sanja Spasenović and Milica Filipović, lawyers […]

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Group members reject 'party' tag

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Australian firm signs A&O's Walls

AUSTRALIAN practice Allens Arthur Robinson has appointed Allen & Overy lawyer Duncan Walls to head its London office. He will replace the current managing partner Jim Dunstan, who has run the London office for the past three years. Dunstan is returning to Sydney in March to run the banking department of Allen Allen & Hemsley, […]

Law Society condemns divorce White Paper as 'cumbersome and unfair'

THE LAW Society has fired off a damning response to the Government’s White Paper on divorce reform, saying it will lead to a “fragmented, unfair, unworkable and expensive system” of law. And it has called for a comprehensive pilot project to be carried out before legislation is passed to ensure planned changes are viable. The […]

Penningtons forges links in former Soviet state

CITY and Home Counties firm Penningtons is acting for the European Bank for Reconstruction and Development on a proposed loan to a major Belarussian company. A team from the company and commercial department headed by partner Roger Duncan is advising on ownership and security of assets and will regularly be visiting factories in the capital […]

Lawyer seminar

Steve Warshal The Lawyer is running a seminar, Financial services, an expanding niche market for solicitors, in London on 28 September. It looks at how solicitors can expand their financial services business to build a profit centre; how to comply with new legislation and regulations and how to keep up with new data and product […]

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