Leadership of the AmCham Grey Economy Combating Committee met with the State Secretary Željko Ožegović, Assistant Minister Jasmina Benmansur and Adviser to the Deputy Prime Minister, Miloš Popović
Representatives of the American Chamber of Commerce in Serbia, met today with the presidents of the Alliance of Autonomous Trade Unions of Serbia (SSSS) and the United Trade Unions "Independence", Ljubisav Orbović and Branislav Čanak, in order to exchange views and opinions on improving the business environment in country
During June, Amcham’s Real Estate Committee had two consultative meetings with representatives of the Ministry of Construction, Transportation and Infrastructure on amendments to the Law on Planning and Construction. The Committee was invited to submit its top priorities for improving the draft text of the new law. Three key areas were identified: enhancements aimed at improved implementation of the new procedure for issuing construction permits; resolving problems with implementation of the conversion of the right to use and lease land into the right of ownership; and reform of the contribution for land development.
Encouraged by Government announcements that the new draft Law on Planning and Construction is approaching completion, AmCham’s Real Estate Committee has proposed a few general suggestions for resolving some of the key stumbling blocks in the current law. AmCham’s recommendations focus on fifteen different issues, among which the most important are conversion with fees, long-term lease on land and compensation for land development.
AmCham Corporate and Business Law Committee sent comments to the Bankruptcy Law aiming to strengthen the role of creditors in bankruptcy proceedings, increase their efficiency and decrease number of problems in implementation observed in practice.
AmCham Labour regulations Committee agreed on priorities for amendments to the Labour Law, synchronized them with NALED and USAID BEP project and forwarded to the Minister of Labour, Minister of Economy, Minister of Finance and Minister of State Administration, while offering to elaborate concrete proposals on a separate meeting.
Initial meetings of the AmCham working groups will take place over upcoming period 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
March 19 - HR Forum
March 21 - Real Estate
April 2 - Health Care
·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.