Proposed abolition of forestry fee – 0.025% of annual revenue

Belgrad, 14.09.2012.
The Serbian Government has adopted a Draft law amending the Law on Forests, which provides the abolition of fees on forests (so called in Serbian “Šumarina”), or compensation for the protection, use and improvement of forest management functions of forests, which is paid by all legal entities in the Republic of Serbia at the rate of 0.025% on the base which is the total annual income of legal entity.

It is expected that the National Assembly of the Republic of Serbia will adopt this law, which will significantly relieve enterprises in Serbia. This is just one of many proposed abolition of the so-called para-fiscal levies in Serbia, which is expected in the near future.