The new Law’s primary objective is to ensure the free movement of capital that relates to portfolio investments and financial credits and loans with a maturity of less than one year, as well as the harmonization of legislation with international standards in the field of prevention and detection of money laundering and terrorist financing.
The Law on Foreigners, which entered into force on April 3 2018, shall apply from October 3 2018. The main purpose for adopting the Law is to harmonize the national system in the field of controlling the circulation and status issues of foreigners with the directives of the European Union which regulate the specified area.
The Law on Amendments and Supplements to the Law on Personal Income Tax has become applicable as of January 1st 2018, unless otherwise indicated. The purpose of the novelties envisaged by the Amendments to the Law is to incite entrepreneurship, eliminate obstacles for initiating and conducting business through the establishment of tax exemption, and reduce the gray market.
The Law on Amendments and Supplements to the Corporate Profit Tax Law was adopted on December 14th 2017 by the National Assembly of the Republic of Serbia, and applies from January 1st 2018, except for provisions where another application date is indicated.
The Law on Amendments and Supplements to the Value Added Tax Law was adopted on December 14th 2017 by the National Assembly of the Republic of Serbia, and applies from January 1st 2018, except for provisions where another application date is indicated.
On December 14th 2017, the National Assembly of the Republic of Serbia rendered the Law on Amendments and Supplements to the Labour Law which entered into force on December 25th 2017.
On August 28th 2017, the National Assembly of the Republic of Serbia adopted the Law on Amendment and Supplements to the Law on Agricultural Land which began to apply on September 1st 2017.
In focus: June 1st 2017 marks the beginning of application of the Law on General Administrative Procedure whose main goal, among other, is modernization of the administrative procedure and more effective realization of public interest and individual interests of citizens and legal persons in administrative matters.
In focus: On December 22nd 2016, the National Assembly of the Republic of Serbia adopted the Law on Housing and Building Maintenance which came into force on December 31st 2016.
In focus: On December 18th 2015, the National Assembly of the Republic of Serbia adopted the Law on Enforcement and Security Proceedings, which enters into force on July 1st 2016, except for provisions of the Law relating to the obligation of the Chamber of public enforcement officers and the competent minister to adopt regulations for the purpose of implementing the Law, which became applicable as of December 29th 2015.
