As of the 1st of February, a new Trademarks Act applies in Serbia. The Act introduces a significant number of changes in the Serbian trademark...Read More
A number of corporates whose directors are not employed but engaged on no-remuneration management contracts have reported unusual requests by tax inspectors in response to...Read More
Serbia has recently amended the Companies’ Act to introduce a legal framework for employee stock option plans (“ESOPs“) in limited liability companies (“LLCs“). Although the...Read More
New Montenegrin Labour Act introduces important changes to the regulation of employment. 1. The maximum duration of fixed-term contract is extended to 36 months Although...Read More
Employees in Serbia have been traditionally entitled by law to reimbursement of costs of commuting to and from work in the amount capped at the...Read More
Background Despite ideological and legal differences between the social partners (employers’ and trade unions) that emerged in the course of its drafting, the Staff Leasing...Read More
The Serbian government has sent to the National Assembly a bill on the amendments to the personal income tax and social contributions laws. The new...Read More
The Ministry of Finance has finally reversed its own 2007 opinion which incorrectly held that gross payments on a notional amount under an interest rate...Read More
The new legislation on liquidation proceedings in Republika Srpska (Zakon o likvidacionom postupku “Official Gazette of Republika Srpska”, no. 82/19) (“New LPA“) comes into force...Read More
On 23 September 2019, the Serbian Prime Minister announced a reform of taxation of self-employed sole entrepreneurs. The new rules are supposed to become effective...Read More
Only three months are left until the latest amendments to the Serbian Companies’ Act become applicable. The amendments bring about many changes to the corporate...Read More
The long-awaited financial collateral legislation in Serbia, the Financial Collateral Act, has been finally adopted and will become applicable on 1 January 2019. Within its...Read More
After two years of keen anticipation, the day on which the EU General Data Protection Regulation (GDPR) becomes effectively applicable (25 May 2018) has finally...Read More
Long-awaited amendments to the Insolvency Act, proposed back in October 2016, were finally adopted by the Serbian Parliament, and came into force on 25 December...Read More
By adopting on 14 December 2017 an authentic interpretation of Article 48 of Enforcement Act, the Serbian Parliament has put an end to a year-long...Read More
The Serbian Ministry of Finance has published draft amendments to the Corporate Income Tax Act (CITA), which were formally approved by the Government on 1...Read More
The Montenegrin Parliament adopted the Act on Financial Leasing, Factoring, Purchase of Receivables, Microcredit and Credit-Guarantee Operations on 25 October 2017. The new legislation will...Read More
The Companies Act introduced in 2011 the obligation of the Serbian Business Registers Agency (SBRA) to institute compulsory liquidation over companies for failure to comply...Read More
The Montenegrin Parliament adopted the new Act on Spatial Development and Construction on 30 September 2017. The new legislation introduces radical changes in the areas...Read More
