The employer is entitled to pay for employee testing for the covid-19 virus. Here we distinguish two cases: 1. The payee is a health institution or 2. The payee is an employee. If the payee is an employee, this payment has the character of earnings and is subject to additional taxation. Opinion of the Ministry […]
LAW ON VALUE ADDED TAX (“Official Gazette of RS”, No. 84/2004, 86/2004 – amended, 61/2005, 61/2007, 93/2012, 108/2013, 6/2014 – harmonized, 68/2014 – other law, 142/2014, 5/2015 – harmonized, 83/2015, 5/2016 – harmonized, 108/2016, 7/2017 – harmonized, 113/2017, 13/2018 – harmonized, 30/2018, 4/2019 – harmonized, 72/2019, 8/2020 – harmonized and 153/2020) Article 24, paragraph 1, […]
The director is appointed by the assembly in the unicameral or supervisory board in the bicameral management of the company. Its position can be regulated in two ways: 1. Establishing an employment relationship by concluding an employment contract (Article 48, paragraph 4 of the Labor Law), for a definite or indefinite period of time, They […]
German`s car parts manufacturer – Continental will open a 140 million euro worth factory for manufacturing car electronics. Since 2018, they hired over 500 employees. This investment will create 500 new jobs in Novi Sad, capital of Vojvodina.
Non-working public holidays in 2021 New Year’s Day – 1 and 2 January (Friday and Saturday) Julian Orthodox Christmas – 7 January (Thursday) Serbian Statehood Day – 15 and 16 February (Monday and Tuesday) Orthodox Easter Holidays – 30 April, 1-3 May (Friday – Monday) May Day – 1, 2, 3 and 4 May (Saturday […]
The Value Added Tax or VAT is an indirect, consumption tax assessed on the value added to goods and services. It applies to the production and distribution of goods and services. If the annual turnover of a company is less than 8 million dinars the company does not have to charge VAT on its sales. […]
Unofficial translation, just for information purposes RS Official Gazette, 84/2004, 86/2004, 61/2005, 61/2007, 93/12, 108/13, 68/14, 142/14, 83/15, 108/16 VALUE ADDED TAX LAW I. INTRODUCTORY PROVISIONS Article 1 This Law shall introduce the value added tax (hereinafter: VAT) in the Republic of Serbia (hereinafter: the Republic). The VAT shall mean a general consumption tax […]
The world economy suffers due to coronavirus pandemic. Almost every country on the planet experience a decline in economic activity. The International Monetary Fund compares it with the Great Depression of The 1930s when many people lost their jobs, houses and couldn`t afford a proper meal. Change in economic indicators 1929–32 United States United […]
Turkey takes the 33rd place on ease of doing business list (World Bank). GDP US $744 billion (nominal 2019) $ 2.4 trillion (PPP; 2019) • Per capita $ 8958,00 GDP Growth: 2.8% (2018) 0.9% (2019) Public Debt/GDP: 26.5% of GDP (2017) Unemployment 13.6% (April 2020) Inflation: 12% (2020) (Source:Wikipedia) Main industries: textiles, food processing, rock […]
1 Jan Wed New Year’s Day 2 Jan Thu New Year Holiday 7 Jan Tue Orthodox Christmas Day 15 Feb Sat National Day 16 Feb Sun National Day Holiday 17 Feb Mon National Day Holiday 17 Apr Fri Orthodox Good Friday 20 Apr Mon Orthodox Easter Monday 1 May Fri May Day 2 May Sat […]