Usage of corporate cards issued by goods and services providers to their corporate clients, have been recognized and regulated by the latest amendments of relevant Serbian regulations related to fiscalization and to VAT.
Deal 5: Gomex General Director Goran Kovacevic on Sale to Ceecat Capital
On April 11, 2022, CEE Legal Matters reported that Jankovic Popovic Mitic had advised Gomex and the Seaf South Balkan Fund on the sale of Gomex to Ceecat Capital. CEE In-House Matters spoke with Goran Kovacevic, General Director at Gomex, to learn more about the sale.
Novelties in Serbian Tax System
With the acceleration of the process of transition to a market economy, since 2001, Serbia has carried out a fundamental reform of its tax system, which has undergone several further changes in the past two decades. Last year brought numerous changes to the tax system in Serbia, and the introduction of the taxation regime for digital assets and tax control were a particular focus.
Crypto Banks in Serbia - Myth or Reality?
Legal framework of the digital assets market.
Electronic Signing of Documents in Serbia – Novelties in Signing of Financial Statements for Business Registers Agency
Starting from March 23, 2022, Serbian Business Registers Agency (“the SBRA”) has allowed the use of electronic signature in cloud in the Special Information System for drafting and submission of financial statements.
Serbia: Tracking of Employees – Case Study
Electronic measurement of working hours based on processing of location data is permitted under data protection and labour regulations under the following conditions:
On a New Adventure: Patricia Gannon Announces Platforum 9
CEE Legal Matters readers will likely be familiar with Patricia Gannon as one of the founders of Karanovic & Partners. Since her withdrawal from the firm (reported by CEE Legal Matters on September 21, 2020), Gannon ran her own "holistic strategic advisory business" (as reported on October 12, 2020) and, recently, she announced she is working on a new social media app for lawyers – Platforum 9. We caught up with her to learn more about her new project.
Deadline for Submission of the Tax Return for Annual Citizens’ Income Tax for 2021 Expires on 16 May 2022
On 4 April 2022, the Ministry of Finance of the Republic of Serbia published the Explanation on Annual Citizens’ Income Tax for 2021.
The Buzz in Serbia: Interview with Milos Vulic of Vulic Law
The major challenge faced by Serbia’s recently elected parliament is dealing with the war-related crisis, in particular, in the field of energy, according to Vulic Law Managing Partner Milos Vulic.
Renewables in Serbia: A CEE Legal Matters Round Table
On March 10, five leading lawyers in Serbia sat down for a virtual round table moderated by CEE Legal Matters Managing Editor Radu Cotarcea to discuss the current state and outlook of the renewables market in Serbia, with topics covered including the goals set and the country's National Renewable Energy Action Plan, the challenges presented by Russia's invasion of Ukraine and the "conservative wave" in the country, the main players and the deals pipeline in the sector, the availability of green financing for renewable projects in the country, as well as the biggest regulatory hurdles currently still affecting renewables in Serbia and the participants' wishlist of what could be done to remove some of these obstacles.
What If an Authority for Personal Data Protection Violates Personal Data?
An interesting case occurred before a while in Norway, when the authority competent for personal data protection was subject to complaint for infringement of the EU General Data Protection Regulation 2016/679 (“GDPR”).
State Aid in Energy
The Government of the Republic of Serbia adopted the Regulation on Conditions and Criteria on Harmonized State Aid for Environmental Protection and Energy Sector (“Official gazette of the RS” no. 99/2021, hereinafter referred to as: “Regulation”).
Five Novelties Introduced by the New Law on Innovation Activity
Recently, the Serbian Parliament has adopted new Law on Innovation Activity. This Law is a part of the Strategy of Scientific and Technological Development for the period from 2021 to 2025, whose basic motto is "The Power of Knowledge", which was adopted by the Government of the Republic of Serbia last year. Serbian digital community welcomed the adoption of the mentioned law, bearing in mind that the digitalization of the domestic economy has reached its peak in recent years, which was significantly contributed by the Covid-19 pandemic. In addition to the above, the Serbian startup ecosystem was recognized as “the most promising one” according to the report of the "Start-up Genome" (an organization specialized in following and reporting about worldwide Start up ecosystems). As the report states, the reason for this is quality professional staff and favorable tax treatment.
Serbia - Joint Controllership in Employment Relations
For the existence of joint controllership, it is sufficient that both controllers determine purposes and means of processing in one or more segments of processing activity. Lack of control over data flow in other segments of processing activities does not release controllers from responsibility for the part/s where they determine purposes and means of processing jointly. This means that in one part of processing activity, controllers can act as joint, while in other parts they can act as independent controllers. The purposes and means of processing for controllers can be different. It is important that decisions of both controllers on purposes and means of processing are inextricably linked, meaning that processing of personal data in the particular case would not be possible without the said decisions of the controllers.
Deadline for Submission of Archive Book Transcript for 2021 Expires on April 30
According to the Law on Archival Materials and Services (Official Gazette of RS no. 6/2020) (“the Law”), creators and holders of archival and documentary material shall be obliged, in addition to other obligations set out by the Law and by-laws passed thereunder, to submit to the competent archive a transcript of archive book no later than April 30 of the current year, for documentary material created in the previous year.
London Calling: Interview with Vladimir Rangeloff, Managing Partner of Kambourov & Partners
On April 5, 2022, leading lawyers from across all of CEE will be coming together for the Dealer's Choice Conference and Deals of the Years Awards Banquet. Leading up to the event, we spoke with Vladimir Rangeloff of Kambourov & Partners to learn what they are looking forward to the most.
Oil & Gas Laws and Regulations in Serbia
Contributed by JPM Jankovic Popovic Mitic.
Clippings from the Official Clarifications Newsletter of Ministry of Finance – Taxes
JPM partner Nikola Djordjevic and Senior Associate Marija Vukcevic single out and analyze official clarifications and opinions on the application of financial regulations for January 2022, related to taxes, which have been published in the latest newsletter of the Ministry of Finance of the Republic of Serbia.