Sitemap

AmCham and Minister Siniša Mali: Progress In Public Finance

CorD Recommends

Scholz Champions Western Balkans’ Path to Membership

German Chancellor Olaf Scholz, in Slovenia, advocated for quickening the EU accession for the Western Balkans, underlining the importance...

Wiener Städtische Insurance company is the winner of Dobročinitelj (Benefactor) award

The company Wiener Städtische Insurance received the Dobročinitelj (Benefactor) award for socially responsible activities implemented during 2021, 2022 and...

CEB Grants €1.3 Billion Loans to Boost Social Sectors in 11 Countries

The Council of Europe Development Bank (CEB) has sanctioned loans totaling €1.3 billion for 11 member countries, including Serbia...

Serbia Advances in Renewable Energy with Pupin Wind Park Financing

In a significant stride towards renewable energy adoption, Serbia has finalized the financial arrangements for the Pupin Wind Park,...

Đedović Handanović: Nuclear Energy in Serbia by 2039 at the Earliest

Nuclear energy in Serbia could become a reality by 2039 at the earliest, should work on the project commence...

“The members of the American Chamber of Commerce (AmCham) believe that the Ministry of Finance has achieved stabilization of public finances, public debt has been reduced, and budget stability has been preserved, which deserves praise. We believe it needs to be continued in the same direction, and the business environment needs to be improved by the regulation of parafiscal levies, public procurement, relaxation of foreign exchange regulations and systemic Tax Administration reform so that the economy would get the wings necessary for further growth and creation of jobs,” said Jelena Pavlović, the President of AmCham in an open conversation with Siniša Mali, Minister of Finance.

In the focus of talks with Minister of Finance Sinisa Mali, were topics of importance for the further improvement of the business environment, such as the direction of fiscal and financial reforms.

Speaking about stimulating sustainable economic growth and preserving budget stability, Minister of Finance Siniša Mali emphasized that the priorities of the ministry in the coming period will be transformation and modernization of Tax Administration, as well as the adoption of stimulating measures packages that will further accelerate the growth of the economy.

“The latest revised data suggests that GDP growth in the first six months of this year was 4.9 per cent, which is much more than expected. All this speaks in favour of being on the right path, but also that it is important to maintain financial stability and to encourage further growth. That is why we are actively engaged in the transformation of Tax Administration in order to make it more efficient, and soon we will present a stimulating measures package that will facilitate the work of the economy” – said Minister of Finance Siniša Mali.

“Great work has been done in the field of reducing the informal economy, and members of AmCham recognize the successes of the Tax Administration which continuously progresses. However, it is necessary to increase efficiency, especially in the domain of compliance with the legal deadlines for VAT refunds, as well as the general harmonization of actions and interpretation of regulations.”– added Pavlović.

The President of AmCham pointed out that the process of reforming parafiscal levies has not been completed and she hopes that this systemic reform, which the previous three Ministers of Finance have started or continued, will finally be completed. “AmCham’s efforts have been focused on reforming parafiscal levies for five years and encouraging fact is the opening of a public debate on the Draft Law on Fees for the Use of Public Goods, which aims to catalogue all fees, eliminate parafiscal levies, specify the methodology for determining the amount and thus introduce the predictability to the economy in connection to these levies,” – said AmCham President.

In addition to parafiscal levies and systemic reform of public procurement, according to AmCham’s research on business climate and investor’s confidence, the predictability of changes in tax regulations is a key challenge for AmCham members, but also for micro, small and start-up companies.

Related Articles

From the Seized Tobacco, 7 Tons of the Highest Quality Organic Fertilizer Were Obtained

Over 5 tons of illegal cut tobacco, as much as 3.5 tons of leaf tobacco, 26,000 boxes of cigarettes, 12,000 boxes of roll-your-own cigarettes,...

American Chamber of Commerce in Serbia Elects New Board of Directors

The American Chamber of Commerce in Serbia (AmCham Serbia) has heralded a new chapter in its leadership, re-electing Stefan Lazarević as the Chairman of...

Serbia Acquires Full Ownership of Air Serbia

Serbia is completing all necessary paperwork to take over the remaining stake in Air Serbia from Etihad Airways, announced Finance Minister Siniša Mali. "Air Serbia...

Speed Business Meeting: Bridging Global Business Ties

A premier Speed Business Meeting was recently hosted at the Mona Plaza Hotel, drawing members from six influential bilateral business associations.  These included the CANSEE...

Serbia Offers Montenegro E-Invoicing Platform Licence Free of Charge

Serbia and Montenegro have inked a deal allowing Montenegro to use Serbia's centralized e-invoicing platform licence for transmitting, receiving, managing, and storing electronic invoices...

Serbia Joins EU’s Single Market Programme

Serbia has formally joined the European Union's Single Market Programme, following the signing of an agreement with the EU, the government announced. The signing ceremony...

Japan Supports Serbia’s EU Path, Pledges Development Aid

Through the Western Balkans Cooperation Initiative, Japan is backing Serbia's EU accession process and aims to provide support for stable development and the promotion...

Stefan Lazarević, President Of The American Chamber Of Commerce In Serbia

More Intensive Cooperation With U.S. Partners

The visit of more than 40 representatives of major U.S. companies sends a clear signal that the current U.S. administration gives a strong impetus...