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Government adopts set of laws to establish financial stability
Belgrade,
28 November 2013
The Serbian government adopted at its session today a set of bills aimed at reducing budget deficit and achieving fiscal consolidation and sustainable economic and financial stability of Serbia.
The government adopted the Bill on amendments to the Law on value added tax (VAT), proposing the increase of a special VAT tax from 8% to 10%, and the increase of tax on trade and import of personal computers and components from 8% to 20%.
Other bills adopted are the Bill on amendments to the Law on corporate income tax, Bill on amendments to the Law on personal income tax and Bill on amendments to the Law on contributions for mandatory social insurance.
The government adopted the Bill on amendments to the Law on tax procedure and tax administration, Bill on amendments to the Law on budget system and Bill on amendments to the Law on pension and disability insurance.
The government also passed the Bill on reduction of net income of public employees and Bill on amendments to the Law on salaries of civil servants and technical staff, which envisages the reduction of net earnings above RSD 60,000 as of 1 January 2014.
The Bill on amendments to the Law on tobacco was adopted, whose application will curb illegal trade in tobacco and tobacco products.
The Serbian government forwarded the above-mentioned bills to Serbian Parliament for urgent examination.
Other bills adopted are the Bill on amendments to the Law on corporate income tax, Bill on amendments to the Law on personal income tax and Bill on amendments to the Law on contributions for mandatory social insurance.
The government adopted the Bill on amendments to the Law on tax procedure and tax administration, Bill on amendments to the Law on budget system and Bill on amendments to the Law on pension and disability insurance.
The government also passed the Bill on reduction of net income of public employees and Bill on amendments to the Law on salaries of civil servants and technical staff, which envisages the reduction of net earnings above RSD 60,000 as of 1 January 2014.
The Bill on amendments to the Law on tobacco was adopted, whose application will curb illegal trade in tobacco and tobacco products.
The Serbian government forwarded the above-mentioned bills to Serbian Parliament for urgent examination.
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