Incentives system for green energy finally defined by law

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As of 31 December 2018, the Central Registry of Ultimate Beneficial Owners was established within the Serbian Business Registers Agency (the “Registry”), in line with the Law on Ultimate Beneficial Owners (“Official Gazette of the RoS no. 41/2018). In addition, the Ministry of Economy issued guidelines which provide more information on the implementation of certain aspects of this Law […]

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By Branimir Rajšić The Serbian National Assembly passed amendments to the tax laws, introducing incentives for the IT sector, tax exemptions for the transfer of property under concession agreements and tax exemptions related to income from employee share plans. Additionally, the new Law on Fees for the Usage of Public Goods Governing the Payment of Fees […]

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The new Law on Personal Income Tax (“PIT Law”), applicable from 01 January 2019, abandons the “flat” tax rate and introduces progressive taxation. Besides the tax rate at 10%, the new PIT Law envisages a tax rate at 18% and 15%, applicable to different types of income. On 24 December 2018, the Assembly of the […]

Geo-blocking – EU Commission fines Guess

On 17 December 2018 the European Commission fined the clothing company Guess in the amount of EUR 39.8 million for restricting retailers from online advertising and selling cross-border to consumers in other Member States – i.e. “geoblocking”. The Commission’s announcement of its fining decision complements the Regulation 2018/302 on unjustified geo-blocking (the “Regulation”), which came […]

Renewable incentives in Serbia to remain unchanged in 2019

The Government of the Republic of Serbia extended the validity of the Decree on Incentive Measures for the Production of Electric Energy from Renewable Energy Sources and High-efficiency Cogeneration of Electric Energy and Thermal Energy (Decree) until the end of 2019. It was initially valid until the end of 2018. This means that new wind […]

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Russian sanctions against Ukraine: Ban on the import of certain commodities

A ban on the import into Russia of certain commodities, the country of origin of which is Ukraine or which move through the territory of Ukraine was introduced by the Decision of the Government of the Russian Federation dated 29 December 2018 No. 1716-83. The list of the commodities prohibited for import is provided in […]

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By Jane Weaver, Martin McKeague It is likely that, in the run-up to this Christmas, perhaps more online shopping will have been done than at any time ever before. Amid news stories about traffic congestion being caused by the growing numbers of delivery vans on our roads, and as technological innovations develop apace, retailers may be increasingly […]

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Thrings names Simon Holdsworth as new managing partner

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