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The second half of 2023 brought about significant changes to the Serbian waste management regulations affecting the real estate and infrastructure developers. The approval to the waste management plan is...
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The Parliament of Bosnia and Herzegovina (“BiH“) has adopted a new Act on Prevention of Money-Laundering and Financing of Terrorism (“AML Act“). New obligors under the AML Act The new...
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Serbia’s capital markets are underdeveloped and businesses rely predominately on bank financing. However, there are strategies and initiatives by the Serbian government and the World Bank in place, aimed to...
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Comprehensive immigration and tax guide to relocating to work in Serbia

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Last year we have discussed the prospects for Republika Srpska to regulate for the first time the issuance and the use of electronic money. The wait is over – the...
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Minimum salary in 2024 As of 1 January 2024, statutory minimum net salary in Republika Srpska amounts to BAM 900.00 (approximately EUR 460.00), which is an approximately 28.5% increase from...
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Montenegro has a new Act on Prevention of Money-Laundering and Financing of Terrorism (“AML Act“). The new legislation came as a last-minute measure to exclude Montenegro from the MONEYVAL’s „grey...
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Global minimum tax rate regime The Member States of the EU have completed the transposition of the provisions of the Council Directive (EU) 2022/2523 on ensuring a global minimum level...
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The latest amendments to the Personal Income Tax Act and the Social Security Contributions Act, which will come into effect on 1 January 2024, extend payroll tax and social contributions...
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As we reported, In August this year, the Government of Serbia adopted amendments to the Rulebook on clinical trials of human medicines (“Rulebook on Clinical Trials“), introducing significant changes to...
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