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Amendments to the six tax laws adopted

Amendments to the six tax laws adopted

Amendments of 6 tax laws came into force on 30 May 2013. The amended laws regulate personal income tax, property tax, corporate income tax, tax procedures, mandatory social insurance contributions and excise taxes.

Support of IT sector in Serbia announced

Support of IT sector in Serbia announced

The website of the Ministry of Finance and Economy of Serbia published a working paper on incentives and support for the software industry and IT services in Serbia in four segments: start-up, outsourcing, development and export of original software products, development of centers of large multinational companies.

Rulebook for discount of paid excise tax for oil products for transportation, heating...

Rulebook for discount of paid excise tax for oil products for transportation, heating...

Minister of Finance and Economy has adopted the Rulebook on terms, conditions, manner and procedure for exercising the right to dicount (Serbian: „refakcija“) the excise tax on petroleum products under Article 9 Paragraph 1 item. 3), 5) and 6) of the Excise, which are used for transportation purposes, for freight transport in the inner river for agricultural purposes, for heating and industrial purposes (Rulebook), which was published in ”Fig. Gazette of RS ”no. 112/2012 of 27.11.2012.

Draft laws for fiscal consolidation of Serbia

Draft laws for fiscal consolidation of Serbia

The Serbian government at its session on 16.11.2012 adopted a set of draft laws aimed at fiscal consolidation of Serbia. The most important draft laws are Law on conditional write-off of interest and tax debt and the Law on the terms of settlement of financial obligations in commercial transactions.