IMF wants reduction and abolition of unnecessary business levies

The International Monetary Fund (IMF) requires that Serbia pass a new law on taxes and fees by next year, equalizing the amounts of these charges in local self-governments, Blic writes.

This, as the newspaper writes, is one of the prerequisites for the sixth review of Serbia’s arrangement with the IMF, which will be published in the second half of October.

It is expected that the new law will abolish many of the 489 charges and levies to businesses and citizens prescribed by municipalities and cities and secure the predictability of the collection of taxes and other fees which local self-governments often use to compensate for the lack of budget money.

Reducing and abolishing unnecessary charges and equalizing them on a local level is also required by businessmen, who have set this as a condition for agreeing to raise the minimum wage in their negotiations with the government.

(eKapija, 15.09.2016)

A small favour

Since 2013, Serbian Monitor has been offering to its readers carefully selected news about the Republic of Serbia, as a daily commitment stemming from the genuine desire to offer undistorted information about a country that is too often a victim of prejudice and superficiality. From November 2016, this service is available in English and Italian with a growing number of original articles with a goal of providing a complete picture of this Balkan country's economy, politics, culture and society. Our archive is completely free of charge, available to anyone who wants to get to know the country, to study its specific aspects, or to be constantly updated about it. This project will only be able to continue with the help of readers on whom we are calling to provide a small financial support so that we can continue supplying an increasingly expanding pool of information and original contributions. If you appreciate our work, please click on the button below.

This post is also available in: Italiano

Share this post

Leave a Reply

Your email address will not be published.

scroll to top