As mentioned in one of our previous articles (available here), the application of amendments to the Law on Personal Income Tax, which were published in the Official Gazette of RS no. 138/2022 of 12 December 2022 and which stipulate that the annual personal income tax shall be paid by self-taxation and not on the basis of the decision rendered by the competent tax authority, which was the case so far, commenced on 1 January 2023.

Law 88/2023, which was published in Official Gazette no. 310 from 12/04/2023, contains important amendments to the Romanian Fiscal Code.

Political turmoil and contentious policy changes could cloud the investment climate in Montenegro, but the economy is still performing well – primarily driven by the IT, energy, and tourism sectors – according to Pejovic Legal Partner Milena Roncevic Pejovic.

Social and economic changes in 2022 have broken a long downward trend recently, with the number of tax categories increasing from 51 to 59 last year. We give you the latest lowdown.

Partners Andrea Zubovic-Devedzic and Indir Osmic have been appointed the Co-Managing Partners of the CMS Sarajevo office as of April 1, 2023, taking over from Nedzida Salihovic-Whalen who will stay on as a Partner.

Tax information exchange aims to enable tax authorities to receive information about their residents' foreign financial accounts and assets and identify potential tax evasion or non-compliance.