Tax newsletter — February 2014
The tax authorities in the region have been intensely active towards the end of 2013 and the beginning of 2014 and have implemented several legislative changes.
The Republic of Serbia has introduced a transitional regime that will be in force until an electronic tax return filing system and the unified collection of withholding tax have been introduced. The by-laws regarding VAT, income taxes and property taxes have also been amended and the new reduced VAT rate, 10 per cent, became applicable on 1 January 2014. The rulebook on transfer pricing has also been amended.
Similarly, Croatia has introduced a new unified form for filing tax returns for withholding tax, which has considerably simplified the income tax return system. Croatia has also increased the reduced VAT rate from 10 per cent to 13 per cent as of 1 January 2014…
Click on the link below to read the rest of the Karanovic & Nikolic briefing.
News from Karanovic & Nikolic
Briefings from Karanovic & Nikolic
On 17 May 2011, the National Assembly adopted the Law on Notary Public, which came into effect on 1 September 2014.
On 5 August 2014, the National Assembly of the Republic of Serbia enacted the Law on amendments and additions to the Insolvency Law.
Analysis from The Lawyer
‘Exotic’ investors and opportunities for legal work beyond M&A feature in The Lawyer’s high-level roundtable debate on south-east Europe
Croatia is about to enter the EU, but the path to integration may not be smooth for the Balkan states