Law on Innovation Activity

At the end of December last year, the National Assembly of the Republic of Serbia adopted the new Law on Innovation Activity (hereinafter the “Law“). The Law entered into force on 5 January 2022, except for the article relating to the establishment of the Register of Subjects of the National Innovation System, whose implementation is […]

Notice on the final deadline for submission of the archive book

Pursuant to the Law on Archival Material and Archival Activities (hereinafter: the Law), all legal entities have a deadline until 30 April 2022 to submit to the competent archive a transcript of their archive book, for documentary material created in the previous year, i.e. transcript of the entire archive book from the date of founding, […]

Financial reporting – application of the new model

In accordance with the provisions of the Law on Accounting (“Official Gazette of the RS”, no. 73/2019 and 44/2021 – other law) (hereinafter: the “Law”), a new model of financial reporting has become applicable as of 1 January 2022. The main differences in comparison to the previously valid model are as follows: The deadlines for […]

Amendments to the Company Law

On 17 November 2021, the National Assembly of the Republic of Serbia adopted the Law on Amendments to the Company Law (“Official Gazette of the RS”, no. 109/2021 – hereinafter: the “Law”), which entered into force on 27 November 2021, with delayed application of certain provisions in order to adapt legal entities and competent state […]

Law on the Registration Procedure in the Business Registers Agency

The National Assembly of the Republic of Serbia adopted the amendments to the Law on the Registration Procedure in the Business Registers Agency, which entered into force on 16 November 2021 (hereinafter: the “Law”), introducing significant innovations in the registration procedures conducted at the Business Registers Agency (hereinafter: the “BRA”), with delayed application for a […]

Law on Consumer Protection

The Law on Consumer Protection (“Official Gazette of the RS”, no. 88/2021) (hereinafter: the “Law”) was published on 11 September 2021, entered into force on 19 September 2021 and will be applied as of 19 December 2021, apart from provisions regarding extra-judicial dispute resolution procedure which shall be applied as of 19 March 2022. The […]

Law on Electronic Invoicing

On 9 July 2021, based on the Law on Electronic Invoicing which entered into force on 7 May 2021, three decrees and three rulebooks were published (“Official Gazette of RS”, No. 44/2021 – hereinafter: the “Law”), which regulate the following areas in more detail: conditions and manner of keeping, as well as presentation of electronic […]

Law on Protection of Trade Secrets

On 27 May 2021, the National Assembly of the Republic of Serbia adopted the Law on Protection of Trade Secrets (hereinafter: the “Law”), which entered into force on 5 June 2021. Prior to adoption of this Law, the previous Law on the Protection of Trade Secrets (“Official Gazette of RS”, No. 72/11) was in force […]