Initial meetings of the AmCham working groups will take place over March with the following schedule for the first half of month:
March 7 - ICT
March 11 - Finance and Tax
March 12 - Combating Grey Economy
March 13 - Corporate and Business Law
·AmCham refocuses its Committees around policy priorities AmCham members have chosen in the policy survey Engage for Change at the end of 2013
·Agendas and Action plans for the committees tackling Labour Regulations, Tax and Finance, Grey Economy, Corporate and Business Law, Real Estate, ICT and Health Care issues will be adopted during March
AmCham has taken an active role in public discussion on the Draft Law on Planning and Construction, and after organizing a roundtable with stakeholders, has sent concrete suggestions for improving the draft text, focusing on conversion of the right to use land into right of ownership and the construction permit procedure.
Inadequate interpretation of the Law on Financing of Local Self-Government has led to an increase in signage fees from several hundred to several thousand times, which is contrary to the aim of the 2012 amendments to the Law which set the limits to these charges.
Contrary to the plans provided in the Fiscal Strategy, less than a month after its publication and without prior notice or public discussion, the Government and Parliament have adopted a Draft Law on Amendments to the Corporate Income Tax Law, abolishing tax credits for investments in capital assets.
The AmCham Tax Committee had a successful meeting with Ivan Simic and the Tax Administration’s Top Management on resolving outstanding tax-implementation issues
09.10.2013. | Belgrade
The comprehensive economic reform package that Minister of Finance Krstić announced on October 8 contains six out of eight reform priorities for economic recovery that AmCham recommended to the new Government in June 2012
Bidders in public procurement procedures will have to provide a statement guaranteeing that they are the owners of the intellectual property (IP) utilized in delivering the subject of public procurement. This demand was inserted in the Public Procurement Law upon AmCham’s recommendation, with the aim of preventing those who use pirated or counterfeit products from applying. The declaration, serving as a sort of guarantee, becomes in practice an integral part of the bidding documentation
On July 16, the Government adopted a Proposal Law on Amendments to the Law on Protection of Competition, including more than half of all the suggestions provided by AmCham members
On July 5, after several years of advocacy efforts by AmCham for the adoption of more precise rules on transfer pricing in line with OECD Guidelines, the Minister of Finance and Economy adopted the Rulebook on Transfer Pricing & Methods Applied for Determining Prices in Related Party Transactions in Accordance with the Arm's Length Principle
The Minister of Health informed AmCham that central tendering will be enforced as of 2014 for all state hospitals as well as primary health care institutions (domovi zdravlja) for 90% of their purchases in value, and full implementation will start in 2015
AmCham’s Finance Committee advocated against the current solution expressed in the National Bank of Serbia’s (NBS) Decision, according to which banks, residents and non-residents are excluded from operations with non-deliverable derivatives
The AmCham Finance Committee sent a letter to the Ministry of Finance and Economy suggesting proposals which would exclude financial transactions from the scope of the Law.
AmCham’s Finance and Tax Committee prepared joint letter for the Ministry of Finance and Economy stating the negative effects of the Ministry’s opinion from 2009, interpreting Article 40 of the Corporate Income Tax (CIT) Law, related to the tax treatment of premium payments under the option contract for protection against changes of interest rates.
On 18 April 2013 Director of Tax Administration Igor Simič has officially appointed Igor Lončarević, Chair of the Tax Committee in AmCham as a member of Advisory Board of the Director of Tax Administration
Due to the different requirements of international and domestic regulations in the area of data protection and banking secrecy, financial institutions operating in Serbia have been put in a position of conflict.
On March 27, AmCham was invited by the Tax Administration and Tanjug as an institutional partner in organizing a Roundtable on improving the work of the Tax Administration. Besides AmCham members, the roundtable was attended by members of the Employers Association and the Association of SMEs as well as distinguished experts and professors.
Over January and February, members of AmCham Committees elected new leadership – members of the Steering Committees that will lead the work of the groups in 2013.
With the support of the U.S. Embassy, AmCham has initiated an anti-piracy campaign aimed at raising awareness of the importance of intellectual property rights (IPR) protection, especially on the internet.
Since improvement of Public Procurement Law has been among our top priorities for the new government, AmCham responded to a call for public discussion on Proposal Law, in Parliament since February 2012 , and, along with NALED, sent joint suggestions for improving the legal text.