Also in the news...
Trade and services regulations in Luxembourg
If you are a UK business providing services in Luxembourg, you will need to follow Luxembourg regulations about:
If you were living in Iceland before 1 January 2021
Information for British citizens moving to or living in Iceland, including guidance on residency, healthcare and driving.
UK sanctions guidance for Uzbek businesses
Information about UK sanctions and relevant local laws to support compliance of non-UK businesses operating in Uzbekistan.
Protecting Business Reputation When Entering Foreign Markets
Expanding into new international markets presents promising growth opportunities. However, such moves come with challenges, especially when it comes to maintaining and protecting a business’s brand reputation.
Greek TEA EAPAE (Pension Fund) Declaration 2015
Our Managing Director in Athens provides an update to insurance companies on their obligations to the Greek TEA EAPAE.
As previously announced, the requirement for insurers to make a contribution to the Greek TEA EAPAE (Pension Fund) was abolished by law 4254/2014 as of 1 January 2015.
Following this development the Fund appealed to the Government concerning this decision. TMF Group has been informed by the TEA EAPAE department that there is an agreement between the Association of the Greek Insurance companies and the TEA EAPAE regarding "new" contribution rates with a 40% reduction (effectively the old 1% contribution becoming 0.6%, the 2% contribution becoming 1.2%).
The Minister of Labour and Social Security approved the changes and this decision has been published in the National Gazette. No law has been published that either cancels the previous one or imposes contributions to the TEA EAPAE.
- The Fund have requested a declaration for the period of January to September 2015 by 20 October, and a payment for January to June 2015 by 31 October.
Given the information currently available, your legal department should decide whether you submit the declarations and make the payment.
For additional information please get in touch with Yannis and his expert team in Greece.