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Serbian Association Of Employers Warns On Tax Increases

by Lorys Charalambous, Tax-News.com, Cyprus

11 June 2014


The Serbian Association of Employers has warned that thousands of small businesses are at risk due to hikes in lump-sum and property taxes, and that the Government is failing to tackle the impact of the "grey economy" on law-abiding businesses.

Certain sole proprietors in Serbia are eligible to pay tax on revenues on a lump sum basis. However, the Association said in a statement that those who pay tax this way have recently received tax notifications 50 to 150 percent higher than were received previously.

The statement also complains that property tax has increased on average by 400 to 500 percent, depending on a business's location. The Association argues that, in places where purchasing power is low, this is not sustainable and will lead to stagnation in the construction industry.

The Association further said that it has asked the Ministry of Finance to introduce a uniform criterion for the collection of taxes to prevent the smallest market players from becoming increasingly burdened, but that it has not yet received any response.

TAGS: tax | small business | business | proprietors | property tax | law | corporation tax | Serbia | ministry of finance | tax rates

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