Karanovic & Nikolic

Tax Newsletter: June 2014 — tax relief and rates for social security contributions in Serbia

The Serbian Parliament adopted amendments to the Law on Personal Income Tax and the Law on Mandatory Social Security Contributions on 30 May 2014. The amendments primarily prescribe tax relief for the employment of new employees. The incentives will become applicable on 1 July 2014 and will also introduce new contribution rates for pensions, disability insurance and health insurance, but the overall rate for social security contributions will remain unchanged, i.e. 37.8 per cent. These rates are applicable as of 1 August 2014.

Amendments to the Law on Personal Income Tax and the Law on Mandatory Social Security Contributions have introduced tax breaks for the employment of new employees regardless of their age or work experience. Relief is provided by a refund to employers for a portion of paid taxes and contributions on salaries paid to newly employed workers.

The main requirement for the utilisation of incentives is that an employer must increase the number of its employees from 31 March 2014…

Click on the link below to read the rest of the Karanovic & Nikolic briefing.

Sign in or Register to continue reading this article

Sign in

Register

It's quick, easy and free!

It takes just 5 minutes to register. Answer a few simple questions and once completed you’ll have instant access.

Register now

Why register to The Lawyer

 

Industry insight

In-depth, expert analysis into the stories behind the headlines from our leading team of journalists.

 

Market intelligence

Identify the major players and business opportunities within a particular region through our series of free, special reports.

 

Email newsletters

Receive your pick of The Lawyer's daily and weekly email newsletters, tailored by practice area, region and job function.

More relevant to you

To continue providing the best analysis, insight and news across the legal market we are collecting some information about who you are, what you do and where you work to improve The Lawyer and make it more relevant to you.

Briefings from Karanovic & Nikolic

View more briefings from Karanovic & Nikolic

Analysis from The Lawyer

View more analysis from The Lawyer

Overview

Resavska 23
Belgrade
11000
Serbia
http://www.karanovic-nikolic.com

Number of fee earners: 80
Number of lawyers: 80
Number of Partners: 16