Law on Amendments and Supplements to the Law on Value Added Tax

In focus: On September 28th 2015, the National Assembly of the Republic of Serbia adopted the Law on Amendments and Supplements to the Law on Value Added Tax which entered into force on October 4th 2015 and became applicable on October 15th 2015, provided that provisions which pertain to submitting VAT tax returns and issuing approvals for a tax representative became applicable as of October 1st 2015.

Details

Law on Amendments and Supplements to the Law on Personal Income Tax

The Law on Amendments and Supplements to the Law on Personal Income Tax has become applicable as of January 1st 2018, unless otherwise indicated. The purpose of the novelties envisaged by the Amendments to the Law is to incite entrepreneurship, eliminate obstacles for initiating and conducting business through the establishment of tax exemption, and reduce the gray market.

Details

General Data Protection Regulation of the European Union

In April 2016, the European Parliament and the Council of the European Union adopted the Regulation on the protection of natural persons with regard to the processing of personal data and on the free movement of such data which shall apply starting from May 25th 2018. Although the Republic of Serbia is not a state member of the Union, the Regulation shall be applicable directly to certain business entities in the country.

Details