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…
Click on the link below to read the rest of the Karanovic & Nikolic briefing.
Sign in or Register to continue reading this article
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
In-depth, expert analysis into the stories behind the headlines from our leading team of journalists.
Identify the major players and business opportunities within a particular region through our series of free, special reports.
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.
News from Karanovic & Nikolic
Briefings from Karanovic & Nikolic
Serbia has adopted a Law on the Protection of Whistleblowers, its first that should provide effective protection to individuals who report suspicions of corruption.
On 8 December the Serbian parliament passed the law on Amendments and Supplements to the Law on Planning and Construction. Here are some of the most important innovations…
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