IX QUARTERLY REPORT - BEACON OF REGULATORY REFORM

Author: Izvršna kancelarija
Area: Regulatory reform
Date: 11.02.2021. Download: IV_Kvartalni_izvestaj_NALED januar 2021.pdf

The period of the last quarter of 2020 was marked by moderate regulatory activity, considering that this was a period of "transition" of ministries and appointment of new ministers, officials, as well as new civil servants. However, compared to the previous quarter, in some sectors such as taxation and property, there has been a significant increase in the intensity of regulatory activities.

Among the key innovations brought to us by regulatory changes in the IV quarter of 2020, from the new edition of the Quarterly Report on the Status of Regulatory Reforms, we single out:

• The new Law on Fiscalization solves one of the most important recommendations of NALED's Grey Book, which introduces an electronic fiscal device as a hardware or software solution for issuing fiscal receipts that will enable constant communication with Tax Administration software via Internet in real-time;
• Tax incentives have been introduced for investments in alternative investment funds, so that the taxpayer who invests is entitled to a tax credit for annual individual income tax, up to a maximum of 50% of the investment;
• The Law on Digital Property will enable trading in virtual currency and digital token, as types of digital property, as well as the improvement and development of capital markets, use of digital technology, and enable a framework for combating abuse in the digital property market, as well as money laundering and terrorist financing;
• The period of allowed higher level of aflatoxins in milk compared to the EU has once again been extended by one year, by amending the Rulebook on amendments to the Rulebook on maximum concentrations of certain contaminants in food;
• The Rulebook on the nomenclature of laboratory health services introduced the possibility of testing with rapid antigen tests, as well as serological testing of patients in the private sector. Also, the price of PCR testing on personal request has been increased, amounting to 9,000 for domestic citizens, instead of the previous 6,000 dinars;
• In order to reduce air pollution, and to make ecological vehicles significantly more accessible on the market, a new Regulation on subsidized purchase of electric and hybrid vehicles was passed, which foresees subsidies from 250 to 5,000 euros, depending on the type of ecological vehicles.

You can read more about the regulatory news from the IV quarter in the new Quarterly Report (in Serbian), prepared by the expert team of the NALEDs Executive Office. As before, the Executive Office will keep monitoring the key regulatory developments relevant to the business environment, and get you involved in the process..