Finalizing the legal framework for easier construction of renewable energy facilities
The Ministry of Ecology, Spatial Planning, and Urbanism of Montenegro („Ministry“) enacted a Rulebook on closer criteria for the assessment of requests for the issuance of urbanistic-technical conditions for the construction of facilities for the production of electricity from renewable sources of the sun and other renewable sources (“Rulebook”). The Rulebook entered into force on …
Serbia harmonizes energy legislation with EU natural gas network codes
Government of the Republic of Serbia has adopted on yesterday session 5 Regulations by which the Republic of Serbia harmonizes its legislation with the EU natural gas network codes, the obligation of which exists for the Republic of Serbia as the contracting state of the Energy Community.
REFORM OF INDIVIDUAL INCOME TAX AND POSITION OF ENTREPRENEURS
The Fiscal Council of the Republic of Serbia published on 29 September 2022 the „Proposal of social and tax policy measures for reducing inequality and poverty risks in the Republic of Serbia“. One of the proposed measures of tax policy for reducing inequality is doubling the limit of non-taxable salary amount, from RSD 19,300 to …
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A big step for FINTECH companies in Montenegro
To comply with the highest European standards and safety conditions – Law on amendments to the Law on payment transactions (“Law”) has been adopted in the Parliament of Montenegro on 29 September 2022. Free movement of capital and full compliance with the Payment Service Directive 2 (“PSD2”) were main reasons for adopting the Law which …
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NOVELTIES IN AWARDING THE STATE-OWNED AGRICULTURAL LAND FOR NON-AGRICULTURAL PURPOSES
The Government of the Republic of Serbia rendered the new Ordinance on Conditions, Manner and Procedure for Awarding the State-owned Agricultural Land for Use for Non-agricultural Purpose, that came into force on 10 September 2022.
In Which Cases Several Transactions can be Considered as One Concentration
According to the latest Position published by the Serbian Commission for the Protection of Competition, it is prescribed whether and in which cases the scope of one concentration can be several undertakings that are not considered interrelated.
CREATIVE INDUSTRIES – GAMING EVOLUTION AND IMPACT ON SERBIAN MARKET
Despite being one of the most turbulent periods in the history of the mankind, 20th century represents one of the brightest spots in the evolution of technology. Except for the general enthusiasm in all branches over the industry, the second half of the century has been fertile when it comes to executing some revolutionary ideas. …
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ATTRACTING FOREIGN INVESTMENTS AND INCENTIVES TO INVESTORS FOR PRODUCTION OF AUDIOVISUAL WORKS IN THE REPUBLIC OF SERBIA
Despite being already recognized as one of the leading European countries regarding foreign investments, the Republic of Serbia continues its active policy of attracting foreign investors. The direct consequence of the substantial increasement in investments in a plethora of different fields is the fact that there are even more and more foreign natural and legal …
Amendments of the Tariff Methodologies in the Field of Natural Gas
The Energy Agency of the Republic of Serbia (“AERS”) adopted three decisions on amendments of the following methodologies, on its session held on 7 July 2022:
Tax incentive for new residents in Serbia
Government of the Republic of Serbia adopted the Regulation on Criteria for Granting Incentives to the Employers who Employ Newly Inhabited Persons in the Republic of Serbia (hereinafter referred to as the “Regulation”), published in the Official Gazette of the RS no. 67/22 and entered into force on 18 June 2022.