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.
AmCham was invited by the Ministry of Foreign and Internal Trade, Telecommunications and Information Society to provide suggestions for amendments of the Law on Trade and the Law on Electronic Trade.
On August 31, an AmCham Health Care Committee (HCC) delegation met with Ms.Slavica Đukić Dejanović, Minister of Health, to discuss joint cooperation aimed at enhancement and development of the Serbian health care sector.
AmCham’s Acting Executive Director, Amalija Pavic participated in a Conference on the para-fiscal burden on the private sector, organized at Danas Conference Center on September 5, pointing out AmCham priorities in this area.
American Chamber of Commerce in Serbia has announced that the new Government should primarily focus on the continued implementation of key economic reforms. Representatives of AmCham have drafted a list of economic priorities which they believe should be on top of the Government’s agenda in order to overcome the recession and improve international competitiveness of Serbia as an investment destination.
Over the past couple of months, AmCham advocacy committees were working hard towards defining goals and setting priorities for the upcoming period. With the aim of getting AmCham members engaged on implementing annual agendas, Committee Chairpersons were invited to present each group’s working plan in our Business Advocacy Update.