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Government lifts ban on basic oil derivatives import
Belgrade,
4 October 2006
Serbian Assistant Minister of Finance for Customs Systems and Politics Vesna Hreljac-Ivanovic announced today that amendments to the Law on customs tariff will introduce customs tariffs on oil derivatives and thus enable their free import.
Vesna Hreljac-Ivanovic, left, and Natasa Kovacevic at today's press conference
Hreljac-Ivanovic told a press conference that the amendments will lift the ban on the import of basic oil derivatives and explained that a 30% tax levy will now be introduced on the import of euro-diesel and heating oil and a 18% tax levy on lead-free petroleum.
Assistant Minister of Finance for Fiscal Systems Natasa Kovacevic announced that in December the Serbian government will forward to parliament a set of laws on excise tax which are to be amended, adding that once the changes are adopted, non-alcoholic beverages will be imported tax-free and certain excise taxes on the import of goods from Montenegro will be abolished.
The tax rate on coffee will drop from 40% to 30%, whereas different amounts of excise tax on tobacco have also been envisaged, said Kovacevic.
She explained that property tax has been brought in line with the Law on local self-government financing and that local self-governments will from now on determine the amount of property tax on their own territories, though the law envisages the maximum and minimum rates that municipalities will not be allowed to cross.
Kovacevic said that taxes will not be levied on the property of churches and religious communities.
Speaking about the Law on company income tax, Kovacevic announced that the list of companies to be excluded from taxes will be expanded to include companies that employ people below 30 years of age, trainees, people above 45 years of age and the disabled.
Assistant Minister of Finance for Fiscal Systems Natasa Kovacevic announced that in December the Serbian government will forward to parliament a set of laws on excise tax which are to be amended, adding that once the changes are adopted, non-alcoholic beverages will be imported tax-free and certain excise taxes on the import of goods from Montenegro will be abolished.
The tax rate on coffee will drop from 40% to 30%, whereas different amounts of excise tax on tobacco have also been envisaged, said Kovacevic.
She explained that property tax has been brought in line with the Law on local self-government financing and that local self-governments will from now on determine the amount of property tax on their own territories, though the law envisages the maximum and minimum rates that municipalities will not be allowed to cross.
Kovacevic said that taxes will not be levied on the property of churches and religious communities.
Speaking about the Law on company income tax, Kovacevic announced that the list of companies to be excluded from taxes will be expanded to include companies that employ people below 30 years of age, trainees, people above 45 years of age and the disabled.
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