The National Bank of Ethiopia (NBE) on 29 July 2024 announced (in Directive No. FXD/01/2024) (the Directive)a reform of the foreign exchange regime with immediate effect. The reform introduces a competitive, market-based determination of the exchange rate and addresses a long-standing distortion within the Ethiopian economy. Accede al CONTENIDO completo Fuente: EY

Travelers bound for the European Union will not have to apply for an ETIAS electronic entry document until at least 2024. Accede al CONTENIDO completo Fuente: Newland Chase

On 14 May 2024, the Council of the EU (i.e., the EU Member States) reached political agreement on the Directive setting forth rules that aim to make withholding tax (WHT) procedures in the EU more efficient and secure for investors, financial intermediaries and Member States (the Directive (pdf) is also referred to as FASTER). Accede […]

The Schengen Zone is set to welcome Bulgaria and Romania, marking a significant evolution in the European travel landscape. Effective from March 31, 2024, this expansion will streamline cross-border movement in Eastern Europe, offering a more seamless travel experience for millions. Travelers flying or sailing from other Schengen countries into these new member states will […]