DAILY NEWS, September 15th
Stricter penalties for non-payers of earnings taxes and contributions, says Nikezic
State Secretary at the Serbian Finance Ministry Dusan Nikezic has stated that the government
is aware that many employers avoid paying earnings taxes and contributions, which is why
legal regulations regarding this issue will be altered and stricter penalties imposed. The
sanctions will be stricter and more efficient, and no one will be able to pay only a net salary
without paying the gross amount, which includes all taxes and contributions, Nikezic stated
in an interview for the Belgrade-based daily Blic, adding that an increase in VAT is not
planned for 2012. As for the state's deadlines, Nikezic stressed that the Ministries of Finance
and Economy and Regional Development will jointly propose a systemic solution, adding that
deadlines will be tighter and that the state will secure funds for the meeting of obligations,
which will also apply to local authorities. "We agreed with the IMF on the frameworks for an
increase in revenues and reduction of expenditures, and during their next visit in November,
we will discuss this in more details. Roughly speaking, we have about EUR 800 million of
deficit, but we will compensate it primarily through smaller expenditures," Nikezic said
regarding the 2012 budget. Since 2008, we have been reducing public consumption in
accordance with the GDP, and the drop is between one and two percent, Nikezic underlined.
Talks on agriculture-related issues to begin in Belgrade
A meeting between the Serbian Advanced Standing Dialogue and the European Union and the
second meeting of the Subcommittee on Agriculture and Fishery will begin in Belgrade on
Thursday, the Ministry of Agriculture and Trade released. The main topics of these two-day
talks will be agriculture, fishery, food safety, veterinary and phytosanitary policy. The second
meeting of the Subcommittee on Agriculture and Fishery is aimed at further improving the
Interim Agreement on Trade and Trade-Related Matters between the European community
and Serbia, which has been implemented for three years and is of immense importance,
since the EU is Serbia's greatest trading partner. The meeting will be attended by
representatives of the EU, the Ministry of Agriculture and Trade, the Ministry of Health, the
Ministry of Environment, the EU Integration Office, the Statistical Office, as well as the
Intellectual Property Office.
Dinar weakens against euro by 1 para, exchange rate at RSD 100.8
The Serbian dinar has weakened against the euro by 1 para on Thursday, thus setting the
official middle exchange rate at RSD 100.8027, the National Bank of Serbia released.
Compared to its value a month ago, the dinar strengthened by 1 percent, while on an annual
level it rose by 4.5 percent. In 2011, the Serbian currency hit its highest level against the
euro on May 23, when the official middle exchange rate was RSD 96.7007, and its lowest on
January 6 with the exchange rate at RSD 106.4947.
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