The amended and supplemented Law on Personal Income Tax becomes applicable as of 1 January 2020, with the main aim to create a more favorable business climate in Serbia, i.e. increase employment and suppress the so-called ‘shadow economy’.
The amended Law on Enforcement and Security Interest has entered into force on 3 August 2019, and shall for the most part become applicable as of 1 January 2020. The main reason for rendering the Law is to resolve all issues arising from its application, primarily by removing any flaws from certain articles that contained incomplete and insufficiently clear provisions, as well as by introducing new legal solutions.
Investment Serbia
The Law on Copyright and Related Rights has recently been amended and is in force as of 26 September 2019. The novelties provided aim to harmonize provisions of the national law with those of the relevant EU directives, establish a more efficient system of legal protection of copyright and related rights, and a more effective collective exercise of such rights.
Consulting and legal services Serbia
Having in mind the number of illegally constructed facilities which are subject to legalization, the main reason for adopting this Law is to enable more efficient implementation of the procedure for legalization of illegally built facilities in the Republic of Serbia, and to influence adjunctively on the prevention of illegal construction as well as the disposal of such facilities.
Real estate Serbia
The main reason for adoption of the Law on Amendments and Supplements to the Law on Planning and Construction – which entered into force on November 6 2018 – is to introduce new legal solutions, to improve and change existing ones, as well as harmonization with the provisions of special laws that came into force after 2014, especially the Law on Electronic Commerce and the Law on General Administrative Procedure.
Real estate Serbia
In view of the recently established Central Registry of Ultimate Beneficial Owners, authorized persons of existing registered entities are obliged to, no later than 31 January 2019, register the data regarding the ultimate beneficial owner in the Central Registry, using a qualified electronic signature. Attached herewith is a bilingual guide which describes in more detail the procedures of registration in the Central Registry.
Further amendments to the Company Law aim to enable the implementation of measures from the Program for Improving the Position of the Republic of Serbia on the World Bank’s Doing Business Report for the period 2018-2019.
Doing business Serbia
On 1 October 2018, most provisions of the Law on the Amendments and Supplements to the Company Law come into force, while the provisions regulating the cross-border merger and absorption of companies, the European Society and European Economic Interest Grouping shall apply as of 1 January 2022. The main reason for adopting the Law is to harmonize the legal system of the Republic of Serbia with the acquis of the EU in the field of corporate law.
Doing business Serbia
the Law on the Registration Procedure with the Cadaster of Real Estate and Utilities entered into force on 8 June 2018, while the relevant bylaws for implementing the Law shall be rendered within 3 months. The Law aims to establish and maintain an accurate and wholesome record of real estate in order to ensure secure legal transactions, In accordance with this intention, a more simple procedure has been established, as well as short deadlines for state authorities.
The main purpose of the Law, which entered into force on 8 June 2018, is the improvement of the existing system of detection and prevention of money laundering and financing of terrorism, and harmonizing domestic legislation with international standards in this field.
