Tax newsletter: Serbia and Montenegro — February 2013
The end of 2012 was very dynamic in terms of changes to the Serbian tax legal framework.
As part of the Government’s efforts to battle the significant budget deficit, the Serbian Parliament adopted Amendments to the Corporate Income Tax Law (CIT Law) on 15 December 2012. These amendments are expected to increase fiscal revenues, primarily by way of an increase in the CIT rate from 10% to 15%. As a measure to help businesses, the Parliament also adopted the Law on the Conditional Write-off of Interest and a Standstill of Tax related Debt Serbia signed further treaties on the avoidance of double taxation with respect to taxes on income and property (DTT) through the ratification of 4 new DTTs – with Palestine (22 November 2012), and with Georgia, Tunisia and Canada (24 December 2012).
Finally, the Ministry of Finance and Commerce issued a number of new changes or amendments to the existing regulations necessary for the implementation of the tax laws, primarily in the area of value added tax…
If you are registered and logged in to the site, click on the link below to read the rest of the Karanovic & Nikolic briefing. If not, please register or sign in with your details below.
News from Karanovic & Nikolic
News from The Lawyer
Briefings from Karanovic & Nikolic
Personal data processing — are the operators of public communication networks in compliance with the law?
A procedure of supervision of operators of public communication networks and services has been initiated.
Today, amendments to the Serbian Competition Law entered into force. The key changes are related to the proceedings and statute of limitations provisions.
Analysis from The Lawyer
Although there has been a downturn in M&A work, elections and legislative change have helped keep Serbia’s legal community busy
The Balkan economic climate continues to be stormy, but the arrest of Ratko Mladic and Serbia’s modernisation drive as it bids for EU membership are signs of better days to come. Joanne Harris reports