Narodna skupština Republike Srpske usvojila je Zakon o jedinstvenom sistemu za multilateralne kompenzacije i cesije koji stupa na snagu 27.03.2014. godine. Sa ciljem da se poveća likvidnost i umanji unutrašnji dug, zakonom se propisuje obavezna multilateralna kompenzacija kao i mogućnost sprovođenja bilateralnih i multilateralnih cesija i prodaje potraživanja, sve preko sistema koji će voditi Banjalučka […]
The Serbian Ministry for Energy, Development and Environmental Protection has recently released a draft of the new Energy Law (“Draft Energy Law”). The draft envisages material changes to the current regulatory framework applicable to renewable energy. Most importantly, the Draft Energy Law introduces the possibility of transferring (both temporary and final) the status of privileged […]
In our Newsletter 17/2013, we presented novelties introduced into Serbian transfer pricing regulations by the new Rulebook on Transfer Pricing and Arm’s Length Methods Applicable to Determination of Prices in Transactions Between Related Entities (“Rulebook”), which elaborates on the statutory requirement for mandatory transfer pricing documentation for FY 2013 and onwards. On 29 January 2014, the […]
Corporate Income Tax Tax credit abolished The amendments abolish tax credit for investments into fixed and intangible assets. Tax credits earned until 31 December 2013 remain in force. Personal Income Tax Tax base of Serbian residents assigned to work abroad clarified In case of natural persons – residents of Serbia assigned to work abroad, salary […]
The supervisory board of “Elektromreža Srbije” (Serbian transmission system operator) (hereinafter: “EMS”) has adopted, and the Serbian Regulatory Agency for Energy has approved, Rules for Allocation of Cross-border Transmission Capacities in the period between 1 January 2014 and 31 December 2014 (“Rules”). The Rules came into force on 21 November 2013. The Rules apply to […]
The supervisory board of “Elektromreža Srbije” (Serbian transmission system operator) (hereinafter: “EMS”) has adopted, and the Serbian Regulatory Agency for Energy has approved, Rules for Allocation of Cross-border Transmission Capacities in the period between 1 January 2014 and 31 December 2014 (“Rules”). The Rules came into force on 21 November 2013. The Rules apply to […]
BDK Tax associate Miloš Krstić participated in the Maastricht International Transfer Pricing Summit held in Brussels, Belgium on 10 October 2013 in organization of the Centre for Taxation of the Maastricht University. The Summit gathered transfer pricing professionals, tax advisors, government officials, academics and representatives of the OECD and the EU Commission. The focus of […]
The new Montenegrin Law on Electronic Communications aligns the Montenegrin regulatory framework with the 2009 European Regulatory Framework for Electronic Communications. The came into force on 7 August 2013. It draws upon the EU regulatory framework for electronic communications set up in 2009, in particular the Directive 2009/140/EC (amending the Framework, Authorisation and Access directives) […]
A recent judgment by the European Court of Human Rights (ECtHR) – Antovic and Mirkovic v. Montenegro (28 November 2017) – attracted a fair amount of commentary that focused on the judgment’s main theme: employers’ use of video-surveillance at work. But the case also contains an interesting aspect which for the most part remained unnoticed: […]
The EU Standard contractual clauses (“SCCs”) have been the most frequently used means for data transfers outside the EU. Under the EU General Data Protection Regulation 2016/679 (“GDPR”), which comes into effect in May this year, the SCCs provide for “appropriate safeguards” validating transfer of personal data to a third country or an international organisation. […]
