Six info days on tax exemption measure organized for 150 beneficiaries

On Tuesday, 29 January 2019, with the support of German Development Cooperation NALED organized the last info day regarding the implementation of tax exemption measure for start-ups, aimed at encouraging entrepreneurship in legal flows among youth who recently completed high school or faculties, as well as the unemployed persons registered in the National Employment Service records. 

Since October 2018 when the tax exemption measure was launched, until January this year, six info days have been organized for 150 public officers in Belgrade, Novi Sad, Kragujevac, Niš and Novi Pazar. With the same purpose, with the support of German Development Cooperation NALED will further organize info days and educational workshops for students and pupils in cities throughout Serbia. 

According to the Tax Administration data, during a period of three months, 470 beneficiaries have opted to use the measure.

The tax exemption measure can be used by those who register as businesses or entrepreneurs, if they meet one of the following criteria:

  • they completed their education (high school, college or faculty) during a period od 12 months before their business is registered
  • they have been registered in the National Employment Service records for at least six months 

During the period of using the tax exemption, even though they are exempted from paying the mandatory social insurance, the beneficiaries are entitled to all employment-related rights, including:

  • pension and invalidity insurance;
  • healthcare insurance;
  • salary reimbursement in case of temporary incapacity for work (sick leave);
  • financial compensation in case of uneployment.

Let us remind, the tax exemption measure for start-ups was adopted by the Government of Serbia and the Parliament based on NALED's proposal, in line with the Analysis of tax and non-tax burden for new businesses, implemented by NALED in 2017 in cooperation with the Faculty of Political Sciences, with the support of German Development Cooperation, as part of the project "Public Finance Reform - Financing the 2030 Agenda". The analysis has shown that the savings generated on this basis by entrepreneurs operating in the personal salary regime will go up to 250,000 RSD a year.

By introducing incentives for start-ups, one of the most important measures of the National Program for Countering Shadow Economy has been adopted. 

Six info days on tax exemption measure organized for 150 beneficiaries
Six info days on tax exemption measure organized for 150 beneficiaries
Six info days on tax exemption measure organized for 150 beneficiaries
Six info days on tax exemption measure organized for 150 beneficiaries
Six info days on tax exemption measure organized for 150 beneficiaries
Six info days on tax exemption measure organized for 150 beneficiaries
Six info days on tax exemption measure organized for 150 beneficiaries
Six info days on tax exemption measure organized for 150 beneficiaries
Six info days on tax exemption measure organized for 150 beneficiaries
Six info days on tax exemption measure organized for 150 beneficiaries
Six info days on tax exemption measure organized for 150 beneficiaries
Six info days on tax exemption measure organized for 150 beneficiaries
Six info days on tax exemption measure organized for 150 beneficiaries
Six info days on tax exemption measure organized for 150 beneficiaries
Six info days on tax exemption measure organized for 150 beneficiaries
Six info days on tax exemption measure organized for 150 beneficiaries
Six info days on tax exemption measure organized for 150 beneficiaries
Six info days on tax exemption measure organized for 150 beneficiaries
Six info days on tax exemption measure organized for 150 beneficiaries
Six info days on tax exemption measure organized for 150 beneficiaries