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 […]
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 […]
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 […]
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 […]
By David E Brennan Blockchain is a term that is beginning to increasingly appear in business conversations. Decision makers are starting to consider whether their businesses should invest in blockchain and how using the technology could benefit their operations. As businesses venture on journeys of digitalisation, we are seeing companies from “traditional” industries such as […]
It looks like the private equity market could be nearing the end of its enforced period of inactivity, and who better to lead the march into the new era than one of the City’s most respected deal doers?
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Senior management at Clifford Chance will have to set out their diversity and inclusion targets to the firm, as it continues its push to reduce its gender pay gap. Members of the firm’s executive leadership group, including managing partner Matthew Layton and new senior partner Jeroen Ouwehand, are among those who have committed to publicly […]
Simpson Thacher & Bartlett has added $11.4m to its turnover in London, giving the firm a 7 per cent boost in the City. According to the data, Simpson Thacher’s City numbers increased from $164.9m to $176.3m over 2018, again putting it just behind Weil Gotshal & Manges in terms of London revenue size. Yesterday Weil […]
In its latest gender pay gap report, Baker McKenzie has posted a target to achieve 14 per cent BAME representation across its London partnership and within senior levels. This is the first time that the firm has published ethnicity pay gap figures, with a 17 per cent hourly pay gap for black, Asian and minority […]
Kirkland & Ellis’s latest financials have revealed the firm has increased its global revenue by more than $500m, up 19 per cent from last year’s $3.16bn to $3.76bn. Outpacing global growth, London revenue is believed to have hit $380m, rising nearly $100m from 2017’s $300m. Last year, it also hit the dizzying heights of $5m […]