Students ready to start legally

Info days for students about the tax exemption measure for start-ups have been organized during March at faculties in Belgrade, Niš, Kragujevac and Novi Sad. The lectures were organized by NALED and ENECA, with the support of German Development Cooperation (GIZ).

More than 160 students attended the info days to learn about the rights and obligations related to the measure, as well as the practical steps about starting a business. 

Before the info days for students, NALED organized trainings for more than 150 civil servants in Belgrade, Novi Sad, Kragujevac, Niš and Novi Pazar, so as to enable them to provide adequate information to anyone interested in starting a business and using the tax exemption measure during the first year of work. 

Over the first three months since the establishiment of tax exemption measure in October 2018, nearly 500 people have opted to use the measure. The tax exemption measure has been adopted by the Government and Parliament based on NALED's proposal. 

The tax exemption measure can be used by those who register as business or entrepreeurs, in case they fulfill one of the following criteria: 

  • that they completed education (high school, college or faculty) during a period of 12 months prior to starting a business.
  • that 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 not obliged to pay the mandatory social insurance contributions, the beneficiaries are entitled to all labor-related rights, including:

  • pension and disability insurance;
  • healthcare insurance;
  • salary reimbursement in case of temporary work disability (sick leave);
  • financial assistance in case of unemployment.

The tax exemption measure for start-ups has been adopted by the Government of Serbia and the Parliament upon NALED's proposal, based on the Analysis of tax and non-tax burden to new businesses performed in 2017 by NALED in cooperation with the Faculty of Political Sciences, with the support of German Develpment Cooperation within the project "Public Finance Reform - Financing the 2030 Agenda". The analysis has shown that the savings generated by entrepreneurs operating in personal salary regime will reach up to 250,000 RSD a year.

The introduction of tax exemption measure is one of the most important measures of the National Program for Countering Shadow Economy. 

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