Karanovic & Nikolic

Tax: recent news highlights — October 2012

On 25 September 2012, the Serbian Parliament enacted a set of tax laws which introduced numerous changes into the Serbian tax system, including amendments to the Law on Value Added Tax, Law on Personal Income Tax Law, Law on Tax Procedure and Tax Administration, and the Law on Excise Taxes. In addition, on the same day the Parliament adopted amendments to a dozen of laws with aim to abolish or limit a number of para-fiscal levies, the most important of which are the amendments to the Law on Financing of Local Self-government and to the Law on Republic Administrative Fees. The laws which were adopted on 25 September 2012 were published in the Official Gazette of the Republic of Serbia no. 93/12 dated 28 September 2012. 

In addition, the Ministry of Finance and Commerce released its draft proposal of the amendments to the Law on Corporate Income Tax. The Draft will undergo at least one public debate before the  government makes it final proposal of the amendments and sends it to the Parliament for adoption…

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