PRess

December 22, 2020

Extended Statute of Limitations for Customs Debt

The National Assembly of the Republic of Serbia adopted the Law amending the Customs Law published in the Official Gazette of RS, no. 144/20 of 27 November 2020 (“the Law“). Extension of the statute of limitations The key novelty of the Law refers to the extension of statute of limitations of customs debt, which provides the state with more time for reacting and protecting its interests. Namely, so far the Customs Law stipulated that customs debt cannot be charged after the expiry of three years after it had been generated. However, such deadline has been extended so that now customs...

December 22, 2020

Novelties in the Law on Property Taxes

The National Assembly of the Republic of Serbia adopted the Law amending the Law on Property Taxes that was published in the Official Gazette of RS, no. 144/20 of November 27, 2020 (“the Law“). The main reason for adopting this Law is contained in the need to transfer the competence for the establishment, collection and control of inheritance and gift taxes and taxes on transfer of absolute rights from Tax Administration to local self-government units. The Law is also adopted for the purpose of alignment with the laws regulating open investment funds i.e. alternative investment funds. Also, certain provisions are...

December 11, 2020

Amendments to the Law on Tax Procedure and Tax Administration

The National Assembly of the Republic of Serbia adopted the Law amending the Law on Tax Procedure and Tax Administration that was published in the Official Gazette of RS, no. 144/20 of November 27, 2020 (“the Law“). The main reasons for adoption of the Law are contained in creation of legal basis for the taxation system in the Republic of Serbia to cover open investment funds i.e. alternative investment funds that do not have capacity of legal entity and which are entered into relevant register in accordance with law, as well as in further simplification of tax procedure and improvement...

November 30, 2020

Mandatory Issuance of E-Invoice From 2022

Application of the new Law on Accounting (Official Gazette of RS no. 73/2019) has started on 1 January 2020, with exception of certain provisions whose application was further delayed. This was the case with Article 9, para. 3 of this law, which will start to apply from 1 January 2022. This provision stipulates that the invoice as accounting document shall be prepared and submitted to legal entities and entrepreneurs in electronic form and it shall be certified by responsible person who certifies its validity by his/her signature or other identification mark. Identification mark shall be defined by a general act...

November 20, 2020

Tax Control of Natural Person’s Income Acquired Abroad

The Tax Administration of the Republic of Serbia has recently published a call to natural persons who acquired income abroad in the past period to file tax applications, calculate and pay taxes and contributions for mandatory social insurance with relevant interest as soon as possible, in order to avoid offence liability. This call followed after the Tax Administration had established incompatibilities between the data on natural persons’ income from abroad and the information on submitted applications and paid taxes by self-taxation, which will result in institution of tax control of such persons. According to the Tax Administration, such incomes are...

November 13, 2020

British Airways Fined GBP 20 Million for Personal Data Breach of More Than 400.000 Persons

The UK Information Commissioner Office (ICO) has recently published that it fined carrier British Airways GBP 20 million for failure to protect personal data of its customers that were compromised during a cyber incident in 2018. The ICO established through investigation that British Airways failed to apply relevant protective measures that it had at disposal in order to prevent the abuse of its customers’ personal data. Namely, in June 2018 the air carrier’s website was a target of cyber-attack that implied user traffic to the British Airways website (www.britishairwyas.com) being diverted to a fraudulent site (www.BAirways) by the hackers. On...

November 10, 2020

Obligation to Document the Cost of Transportation To and From Work – Yes, It Is Still in Force

At the beginning of 2019, employers and employees disapprovingly accepted a new obligation to document the cost of transportation to and from work and the situation is no different today. Without formal amendment of regulations, the Ministry of Finance issued opinion no. 011-00-12/2019-04 on 1 February 2019, stating its position on application of tax regulations that significantly departed from the previous multiannual practice. Namely, according to the opinion of the Ministry, in case of non-documenting the allowance for transportation to and from work by credible accounting document, the employee’s allowance on such basis shall be considered as undocumented expense by...

October 30, 2020

Notice to Employers Regarding Annual Leaves

Ministry of Labor, Employment, Veterans and Social Affairs („the Ministry“) on October 15, 2020 published a notice for employers regarding the duration of annual leave, in order to eliminate doubts that some employers have when employee is on paid leave during the calendar year or is temporarily unable for work in the terms of health insurance regulations. Entitlement to annual leave Article 68 of the Labor Law prescribes that an employee is entitled to use annual leave in a calendar year after one month of continuous work from the day of employment with the employer. It is deemed that continuous...

October 29, 2020

COVID-19 Update: Mandatory Appointment of Corona Controller

By the Regulation amending the Regulation on measures for prevention and suppression of infectious disease COVID-19, which was published in the Official Gazette of RS no. 126/2020 dated October 23, 2020, the Government of the Republic of Serbia introduced the mandatory appointment of person – corona controller by certain legal entities and entrepreneurs. To whom does the obligation apply? The obligation applies to legal entities and entrepreneurs who perform retail trade, i.e. who sell goods or provide services in shopping centers or similar facilities in which retail trade activities are performed, and which includes the sale of goods and services...

October 21, 2020

Mandatory Registration of Tourists on e-Tourist System

Pursuant to Article 16, para. 1 of the Law on Hospitality Management (Official Gazette of RS no. 17/2019), the Rulebook on the manner of entry, operation, keeping and using the central information system, its content and type of information has been adopted (Official Gazette of RS, no. 87/2020) and it has been in force since 1 October 2020 (“the Rulebook”). The Rulebook prescribes the manner of entry, operation, keeping and using special information system e-Tourist. What is e-Tourist? Central information system in the area of hospitality management and tourism “e-Tourist“ is an electronic system that contains relevant information on providers...

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