A new standard, IFRS 16 “Leases”, applies to annual reporting periods commencing as of 1 January. Still, Serbia has not yet transposed the standard, meaning that, for the time being, changes introduced by the new standard are not in force in Serbia.
NBS Took Over Supervision of Foreign Exchange Oprations from Ministry of Finance
As of 1 January 2019, the National Bank of Serbia (“NBS”) took over the competencies of the Ministry of Finance and its department Tax Administration for issuance and revocation of licences to perform exchange operations.
JPM acted as Legal Advisors to China Shandong in the Concession Project Banja Luka – Prijedor
JPM team led by Senior Partner Jelena Gazivoda and Partners Nikola Đorđević and Ivan Petrovic acted as Legal Advisors to China Shandong International in the Motorway Concession Project Banja Luka – Prijedor.
New tax benefits for Concessions
On 15 December 2018 amendments to several tax laws entered into force which, introduced benefits related to concessions with a value of at least EUR 50 million.
Big Deal 2018
This year marks the eight edition of the corporate law case study – Big Deal project and its fourth edition with an international element, organized by JPM in cooperation with the leading regional law offices from TLA Top-tier Legal Adriatic. From May to the end of November, when the finals took place, experienced lawyers from […]
The Law on Lobbying
The long-awaited work on the adoption of the Law on Lobbying began in the spring of 2018 and it represents the beginning of an anti-corruption normative reform.
SERBIA: Amendments and Supplements to the Law on Games of Chance
The National Assembly of the Republic of Serbia has announced a Bill on Amendments and Supplements to the Law on Games of Chance.
The Law on Financial Collaterals
The Serbian Parliament adopted the Law on Financial Collaterals on 8 June 2018, which will become effective as of 1 January 2019.
New Regulations on Interchange Fees to Enter into Force
On 17 December 2018, the Law on Interchange Fees and Special Operating Rules for Card-Based Payment Transactions (the “Law on Interchange Fees”) will enter into force.
SERBIA: Air Transport Law has been Amended
On 26 October 2018 the Law on the Amendments and Supplements to the Air Transport Law was adopted and entered into force on 6 November 2018.