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Banks to submit information on paid taxes to tax authority as of tomorrow
Belgrade,
2 July 2012
State Secretary at the Ministry of Finance Goran Radosavljevic said today that the first positive effects of the decision that banks must submit every day to the Tax Administration the data on the paid taxes, contributions and salaries will become visible as early as this summer.
Radosavljevic told Radio Television B92 that owing to this decision, the deficit in the Pension and Disability Insurance, which is in part financed from the state budget, will be reduced by the end of the year.
He said that in the first month of the enforcement of the decision, it is expected that the collection of contributions for the pension and health funds will increase.
As of tomorrow, banks in Serbia will start to submit data to the Tax Administration on daily basis on the taxes, contributions and salaries paid, which is why the budget revenues are expected to grow by 15% to 30% or by at least RSD 45 million per year.
He said that in the first month of the enforcement of the decision, it is expected that the collection of contributions for the pension and health funds will increase.
As of tomorrow, banks in Serbia will start to submit data to the Tax Administration on daily basis on the taxes, contributions and salaries paid, which is why the budget revenues are expected to grow by 15% to 30% or by at least RSD 45 million per year.
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