As we approach June 30th, there is often uncertainty for both employers and employees regarding how to handle unused annual leave days from the previous year.
Read moreThe 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.
Amendments to the Rulebook provide that the excise license can be obtained for manufacturing plant, as well as the space that was previously registered as a customs warehouse.
Ministry of Finance and Economy of the Republic of Serbia published on its website a Draft Law on Amendments to the Law on corporate income tax Law.
Law on Amendments to the Law on Value Added Tax (”Fig. Gazette” no. 93/2012), adopted by the National Assembly of the Republic of Serbia at the session of the Ninth Extraordinary Session in 2012, on 25 September 2012 is implemented from 01.01.2013, while the part of provisions are applicable from 01.10.2012 (the higher general VAT rate).
The Government of the Republic of Serbia has adopted a decision on exempting certain goods from customs duties no. 483-6639/2012 (Decision), which provides exemption from import customs duty for 20,000 tons of sunflower oil from CN code 1512 19 90 00 of Customs Tariff.
The National Assembly of the Republic of Serbia adopted a package of laws that abolished the 138 fees and para-fiscal levies.
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.
From the 1. September 2012 there is no obligation to record turnover through the cash registers for the sole proprietor with lump sum taxation, in 35 groups of business activities.
Minister of Finance has adopted Regulation amending Regulation on establishing the transfer of entire or a part of assets, with or without compensation, or as an investment, which is not considered a supply of goods and services according to the Law on Value Added Tax (Amendment Regulation).