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A:
Government proposes legislation to simplify social contributions system
Belgrade,
23 June 2004
Serbian Minister of Finance Mladjan Dinkic has presented a bill on compulsory social insurance contributions which aims to simplify the social contributions system, reduce discrepancies among contributions for different professions, cut fiscal burden on underprivileged taxpayers and self-employed entrepreneurs, reduce the gray economy and consolidate revenues of social welfare institutions.
The government approved the bill at a session yesterday along with eight other bills that are due to be debated at an extraordinary session of the parliament. According to Dinkic, the session is scheduled to start next Wednesday.
The bill stipulates a 22 percent rate for pension and disability insurance, a 12.3 percent rate for health insurance and a 1.5 percent rate for unemployment insurance, Dinkic told a press conference today, noting that total social welfare contributions will stand at 35.8 percent.
The bill stipulates a 22 percent rate for pension and disability insurance, a 12.3 percent rate for health insurance and a 1.5 percent rate for unemployment insurance, Dinkic told a press conference today, noting that total social welfare contributions will stand at 35.8 percent.
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