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Taxpayers invited to report property by Jan 31
Belgrade,
19 January 2005
Serbian Assistant Minister of Finance Goran Andjelic today invited taxpayers to report unreported property by January 31 and announced that at its session tomorrow, the Serbian government will abolish a five percent tax on domestic products that are sent to Kosovo-Metohija, offering a significant reduction of duties on those goods in the territory of the province.
Speaking at a regular press conference held at the Serbian government, Andjelic said that 1,438 taxpayers have reported property so far and reiterated that January 31 is the deadline for caterers and professional organisers of events to report their activities.
He said that with the new tax changes the sales tax has been abolished, which was previously one of the sources of funding of local self-governments. He explained that the Serbian Ministry of Finance paid 13.7 billion dinars to the self-governments for January, in line with its duty to pay funds to the local self-governments between the 15th and 25th every month.
The Assistant Minister of Finance said that an agreement might be reached by the end of January with Greek Alfa Bank concerning their interest in the purchase of the retail chain Jabuka.
He also pointed to the tender procedures for the Novosadska and Kontinental Bank, which currently are underway, and the expectation of substantial revenues for the state budget as a result of this privatisation. It is very important that these banks improve competitiveness in the domestic market not only through the inflow of fresh capital but also through future inclusion in international capital flows.
He said that with the new tax changes the sales tax has been abolished, which was previously one of the sources of funding of local self-governments. He explained that the Serbian Ministry of Finance paid 13.7 billion dinars to the self-governments for January, in line with its duty to pay funds to the local self-governments between the 15th and 25th every month.
The Assistant Minister of Finance said that an agreement might be reached by the end of January with Greek Alfa Bank concerning their interest in the purchase of the retail chain Jabuka.
He also pointed to the tender procedures for the Novosadska and Kontinental Bank, which currently are underway, and the expectation of substantial revenues for the state budget as a result of this privatisation. It is very important that these banks improve competitiveness in the domestic market not only through the inflow of fresh capital but also through future inclusion in international capital flows.
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