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Newsletter

Amendments to Law on Corporate Income Tax and Law on Personal Income Tax

April, 2010,
Corporate Income Tax (CIT) Amendments to the CIT Law now permit that the financial year may differ from the calendar year, subject to the approval of the Ministry of Finance...
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New Decrees on Block Exemptions

January, 2010,
Even though the Serbian competition protection legislation has contained prohibition of both vertical and horizontal restrictive agreements since 2005, until recently there had been no regulation on block exemptions. As...
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Serbia member of the European Patent Organisation

January, 2010,
Serbia became member of the European Patent Organisation (EPO) on 1 October 2010 . As a result, the procedure of filing patent applications will become simple r and less exp...
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Decree on Fines and Penalties and Decree on Conditions for Application of Leniency Regime

January, 2010,
As BDK reported in Newsletter 7/2009, the current Law on Protection of Competition that came into force in July 2009 significantly boosts the powers of the Serbian Commission for Protection...
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Market updates on Energy & Natural Resources by SEE Legal

January, 2010,
Bosnia & Herzovina, Market Intelligence – Energy Tariffs The State Electricity Regulatory Commission – SERC is competent for regulation of tariffs in relation to electricity in B&H, the Federation Electricity...
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Banking & Tax Questionnaire, lending and tax issues

January, 2010,
Regulation of lending Banking monopoly rules. There is a fairly strict banking monopoly law limiting lender activities in Serbia. However, there are methods of lending available to foreign lenders. Regulatory distinction...
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Privatization of state-owned construction land in Serbia

January, 2010,
Five months after adoption of the new Law on Planning and Construction1 (“Law”), the Serbian Government has enacted the Decree on Criteria and Procedure for Determination of Conversion Compensation2 (“Decree”)....
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Boosting the construction industry in Serbia

January, 2010,
The Serbian Parliament has recently adopted the Law on Stimulating Construction Industry, (“Law”) purportedly aiming at boosting Serbian construction industry in the environment of pending financial crisis. The Law enables...
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Close-out netting permitted under Serbia’s Bankruptcy Law

January, 2010,
Serbia’s new Law on Bankruptcy (Zakon o stečaju, Official Gazette of the Republic of Serbia, n.104/09) partially ends legal uncertainties as to the enforceability of ISDA Master Agreements or similar...
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Application of Law on Professional Rehabilitation and Employment of Disabled Persons

January, 2010,
The Law on Professional Rehabilitation and Employment of Disabled Persons (the “Law”) introduces an obligation on all employers having 20 or more employees to maintain on their payroll a certain...
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