News

Amended Rulebook on calculation and payment of excise taxes

Amended Rulebook on calculation and payment of excise taxes

Minister of Finance on 21.06.2012. adopted the Rulebook of amending the Rulebook on the method of calculation and payment of excise duty, the nature, content and manner of keeping records, providing data and the calculation of excise tax preparation (Rulebook), which was published in ”Off. Gazette of RS”, no. 63/2012 of 29.06.2012.

Banks’ duties in respect of payment of salaries from 1 July 2012

Banks’ duties in respect of payment of salaries from 1 July 2012

As of 1 July 2012, the banks which realize payment of wages and salaries, including the agreed compensation for temporary and occasional jobs, have to deliver information on completed payments of wages/salaries (in the form of electronic records) to the Tax Administration by the end of the day orders for these payments are executed.

Republic administrative taxes increased by 3.4%

Republic administrative taxes increased by 3.4%

The Government of the Republic of Serbia at its session held on 29 May 2011 adopted the Harmonized Tariff of republic administrative taxes, which were published in ”Off. Gazette of RS ” no. 55/2012 of 01.06.2012.

Fiscal Council proposes tax reform - VAT 22%?

Fiscal Council proposes tax reform - VAT 22%?

Fiscal Council, an independent professional institution established by the Serbian Government, in its Proposal for Harmonizing Different Methodologies of Public Debt Coverage and Measurement in Serbia 2012-2016 proposed the tax reform to reduce the budget deficit.

Excise tax imposed on fuel oil

Excise tax imposed on fuel oil

From 25 May 2012 the excise tax in amount of 57.07 din/kg is imposed on the fuel oil extra light (EL) and fuel oil extra light euro.

Reduced excise duty on oil derivatives by 1.5 RSD per liter

Reduced excise duty on oil derivatives by 1.5 RSD per liter

The Serbian government has adopted a Decision on the temporary reduction of the amount of excise tax on oil derivatives from Art. 9 st. 1 t. 1 and 3 of the Law on Excise Tax (”Official Gazette of RS” no. 22/2001, ..., 6/2012) because of the increasing price of crude oil on world markets.