There are following changes with regard to taxes in Bulgaria in  2017:

The 30%-ruling is a tax facility provided in the Wage Tax Act for employees who have been seconded to the Netherlands or recruited from abroad to work in the Netherlands and who meet certain conditions. These employees are referred to as ‘extraterritorial employees’.

With more than a 100% increase in 2016, the number of newly established securitization vehicles in Malta is on the rise making Malta more and more attractive in the securitization market. Below are just some of the benefits of setting up this type of structure on our sunny island. Seruritisation: Why Malta?

European Commission proposes new approach to business insolvency in Europe: promoting early restructuring to support growth and protect jobs. The European Commission is for the first time presenting a set of European rules on business insolvency.

Russia and Hong Kong double tax treaty will apply from 1^st January 2017 in Russia and from 1^st April 2017 in Hong Kong.

The Initiative provides fast-tracked service to highly-specialised third-country nationals who would like to work in Malta. The scheme facilitate work/residence permits issued to prospective employees within five working days from the application submission.

In accordance with the OECD BEPS Action 5, Cyprus has abolished the existing IP box scheme, with effect from 30 June 2016, with transitional rules applying until 30 June 2021 for companies already using the old scheme (applicable with restrictions).

Currently all Polish investment funds – open-ended and closed-ended – as well as their equivalents from the EU and EEA have been fully exempt from Polish taxation on all types of profits derived in Poland.

A Convention to avoid double taxation and the prevention of fiscal evasion with respect to taxes on income was signed in Brussels on the 24^th of May 2016 and it is based on the OECD Model Convention for the Avoidance of Double Taxation on Income and Capital.  The Treaty enters into force as of 1^st of January 2017.