Increase of non-taxable amount of salary; increase of non-taxable amount of daily per diems for business travel abroad to 90 EUR; taxation of seafarers; annual tax and alternative fund - no alienation for at least 3 years
Read moreFrom 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.
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.
Ministry of Finance on its website has released Draft Law on Accounting (Draft). The most important changes in the Draft, in respect of taxation, is introduction of supervision of accounting activities of legal entities and entrepreneurs (Supervision) which are to be performed by the Tax Administration.
The draft law provides increase of non-taxable income from 7,822 RSD to 10,000 RSD.
The Serbian government has proposed a law regulating the write-off of accrued and unpaid interest on certain taxes and contributions that are due for payment by 31 December 2011.
The Serbian Government on Session held on 03 May 2012 adopted a Regulation on the payment of contributions for pension and disability and health insurance for the priests and religious officials.
On 30 March 2012 Tax Administration of the Republic of Serbia on its website issued a Statement that informs the public that from 01 April 2012, all VAT taxpayers, are allowed the electronic submission of VAT returns via the Internet portal of the Tax Administration of the Republic of Serbia.
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.