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 […]
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 […]
Amendments to the Law on Mandatory Social Insurance and Law on Personal Income Tax
The National Assembly of the Republic of Serbia adopted the Law on Amendments to the Law on Contributions for Mandatory Social Insurance, which will be applied from 1 January 2022, except for the provision from Article 7 which will be applied from 1 March 2022, and the Law on Amendments to the Law on Personal […]
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 […]
Law on Energy Efficiency and Rational Utilization of Energy
On April 22 2021, the National Assembly of the Republic of Serbia adopted the Law on Energy Efficiency and Rational Utilization of Energy (hereinafter: the “Law”), which entered into force on 30 April 2021. The Law is part of the energy package of laws that were adopted simultaneously and replaces the previous Law on Efficiency […]
Law on Archival Material and Archival Activity
As a reminder, in relation to the new Law on Archival Material and Archival Activities (hereinafter: the Law), all business entities have a deadline until 30 April 2021 to submit a transcript of the archive book for the previous year. Entities that did not fulfil that obligation are required to submit a transcript of the […]