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Foreign Investors Council
47, Gospodar Jevremova Street, IV Floor, 11000 Belgrade, Serbia
Phone: +381 11 3281 958, 3281 965
e-mail: office@fic.org.rs

MENI

Recent Activities

17. November 2017.

Draca for BIZlife: Improve Taxes

In the interview for November edition of BIZlife magazine, Tax Committee President Dragan Draca pointed out to the insufficient improvement in the tax area in 2017, but also in previous years.

As issues of particular importance, he cited lack of public debate for the changes of tax regulations, and some regulations that create problems – introduction of the withholding tax last year and new VAT Registry Rulebook applicable as of 1st January 2018. It is questionable whether the businesses will be ready for the new VAT registry, as it implies the changes of the informational systems and additional working hours and human resources. “Similarly, filing of the individual tax returns for the withholding tax for each transaction leads to the increased administration costs”, he said. As a positive step, Tax Committee President cited the creation of the WB Task Force for improving the key business legislation, including taxes. “We expect that solutions for some of the mentioned problems will be defined through dialogue and joint work of the TF”, he said, adding this would lead to the decreased costs of the businesses for preparations of tax returns and management of tax registry, as well as to more clarity and transparency in tax rules. As recent FIC achievement, he cited the Law on Electronic Identification, in which the Government incorporated FIC recommendation to enable the new scheme of electronic identification to be used not only in transactions with the authorities, but also within business and citizens. The interview can be accessed here below.

 

White Book

White Book
Published yearly since 2003, goal of the White Book is to enable removing unneeded barriers and make doing business in Serbia easier, thus enabling better inflow of investments. It is promoted every year in the fourth quarter at the prestigious high-level event.

Rcc

Rcc
Reality Check Conference is an important tool in achieving FIC goals: it is an event meant to remind the authorities about the recommendations from the latest White Book edition and check status of their implementation.