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Taxation Committee – Activities

Amended WB TF Plan on Taxes

Amended WB TF Plan on Taxes

On June 3rd, FIC discussed priority topics on taxation with the Finance Ministry at the Meeting of the White Book Task Force dedicated to that issue. Topics discussed were transparency and predictability of the legislative procedure and electronic invoicing and fiscalization. Taxation Committee Vice President Vanja Korac outlined the need for public discussions with sufficient…

Draca for BBC on Transport Compensation

Draca for BBC on Transport Compensation

On April 4 at the BBC Serbia web portal, Taxation Committee President Dragan Draca successfully promoted the need to abolish the new obligation for companies to justify compensation for transport costs to the employees. He said that the obligation, imposed by the new Opinion by the Finance Ministry, sparked worries and doubts among the companies….

Dragan Draca on Taxes for NIN

Dragan Draca on Taxes for NIN

In an opinion for NIN weekly on May 9, Taxation Committee President Dragan Draca drew attention to the most significant issues in taxation, including insufficient transparency in lawmaking process, needed modernization of Tax Administration and inconsistent law implementation. He also used this opportunity to tackle the recent issue of compensation of transport costs for employees,…

Elections and Reorganization of Committees

Elections and Reorganization of Committees

Hereby we announce the regular elections for FIC Committees and the implementation of the reorganization of Committees. Reorganization is aimed at increasing efficiency and will result in decrease of their number from 11 to 8. Having in mind the current situation with COVID-19 epidemic and preventive measures that can be taken, the elections will be…

FIC Insight on VAT Legislation

FIC Insight on VAT Legislation

FIC members had the opportunity to gain fresh information on the recent amendments of legislation in the VAT field at the online FIC Insight event held on March 5. Changes of the VAT rules were presented by the author of the FIC White Book text on VAT Igor Soldatović, Senior Manager at KPMG, and Tax…

FIC Tax Committee President at FIC Guide 2020/21

FIC Tax Committee President at FIC Guide 2020/21

Dragan Drača, President of the FIC Taxation Committee (PricewaterhouseCoopers d.o.o.) We Hope For a Resumption of Dialogue We expect a continuation of the constructive dialogue with the Ministry of Finance linked to the improvement of tax regulations and practises, along with greater transparency and the timely public presenting of all draft regulations. The aggravated and…

Insight into Discussion of FIC Online Conference on Digitalization

Insight into Discussion of FIC Online Conference on Digitalization

On June 2, FIC organized online Conference on Digitalization titled: ‘’Digitalization in Serbian Regulations: Possibilities and Limitations’’. Interest of both members and state institutions was high. The event attracted around 100 FIC members and gathered 15 representatives of the 7 state and Government institutions to discuss with FIC Committee chairpersons challenges and benefits of digitalization…

Last NKTOT Meeting in 2019

Last NKTOT Meeting in 2019

On December 27 FIC participated at the session of the National Coordination Body for Trade Facilitation (NKTOT). Action plans for the expert working groups of the Body for 2020 and 2021 were presented and discussed in view of being adopted by mid-January. Participants were provided the Draft plans ahead of the meeting. FIC was represented…

Members Comments on Drafts on Taxes and RE

Members Comments on Drafts on Taxes and RE

At the end of November, FIC sent members’ comments on the three following laws to the Public Policy Secretariat: Draft Amendments on the PIT, Draft VAT Law and Draft Law on Expropriation. Deadlines were too short for agreeing on FIC positions; therefore, members’ comments were sent. FIC always advocates for adequate public debates and enough…

PP on Draft Law on Electronic Invoicing

PP on Draft Law on Electronic Invoicing

On February 25, FIC sent to the Finance Ministry the comments on the Draft Law on Electronic Invoicing. Main comments address the following issues: lack of technical solutions and definitions of standards to be applied; need to additionally clarify the relation of the Draft with the VAT Law and Law on Accounting; unneeded additional data…

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