Knezevic: Business fees and charges registry and new tax law soon

Economy Minister Goran Knezevic announced yesterday that a register of all commercial / business charges would be completed shortly while the new Law on Taxes and Fees, which will be more favourable for businesses, should be ready by the end of year.

– I want us to present the law, in cooperation with the Ministry of Public Administration and the Ministry of Finance, before the year ends, which will stipulate all the non-tax and non-fiscal charges The next step is to try to reduce them to a reasonable level in order to enable the business sector to operate as easily as possible – Knezevic said.

The minister pointed out that it was very important that SMEs have an easy access to funding.

– This is the sore spot for small and medium enterprises and we will see in which way can we help them to access funds as easily as possible and with fewer procedures as possible – Knezevic underlined.

He said at the SME conference, hosted by the Swiss-Serbian Chamber of Commerce, that the government was investing a lot of effort in providing a proper legal framework facilitating predictable business environment and the reduction in the number of procedures.

The aim, as he says, is for Serbia further improve its rank on the World Bank’s Doing Business list from last year, when the country climbed 32 places.

Knezevic added that Serbia had hard-working and educated people, as well as the lowest operating expenses in the region, which made it an attractive destination for investors.

– We are completing the privatization process and now we should focus on the healthiest segment of our economy – small and medium enterprises – a great potential to become the backbone of our economy’s growth – Knezevic said.

(eKapija, 11.10.2016)

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