{"id":984,"date":"2020-11-30T06:57:58","date_gmt":"2020-11-30T06:57:58","guid":{"rendered":"https:\/\/www.profitplus.rs\/?p=984"},"modified":"2020-11-30T06:57:58","modified_gmt":"2020-11-30T06:57:58","slug":"on-publishing-the-draft-personal-income-tax-amendment-act-and-draft-compulsory-social-insurance-contributions-amendment-act","status":"publish","type":"post","link":"https:\/\/www.profitplus.rs\/en\/on-publishing-the-draft-personal-income-tax-amendment-act-and-draft-compulsory-social-insurance-contributions-amendment-act\/","title":{"rendered":"On publishing the draft Personal Income Tax Amendment Act and draft Compulsory Social Insurance Contributions Amendment Act"},"content":{"rendered":"<p>The Ministry of Finance has published the draft Personal Income Tax Amendment Act and draft Compulsory Social Insurance Contributions Amendment Act. Here is a short summary of the legal changes which, if adopted, shall take effect on 1st January 2021:<\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li>The tax-free personal allowance is increased from the current 16,300 RSD to 18,300 RSD a month;<\/li>\n<li>The \u201eold\u201c tax reliefs are extended again (articles 21v and 21d of the Personal Income Tax Act);<\/li>\n<li>The definition of an employer is extended so as to specify their right to a tax relief on account of qualified new hires;<\/li>\n<li>A new way of levying tax on the income of individuals assigned to Serbia from abroad is introduced;<\/li>\n<li>For domestic legal entities a notification about someone&#8217;s wish to receive salary shall be delivered electronically;<\/li>\n<li>According to an expanded definition, the scope of income from capital shall include income derived from the ownership over an investment unit of an alternative investment fund;<\/li>\n<li>More types of income shall be subject to capital gains tax;<\/li>\n<li>Profit from special games of chance shall be tax exempt;<\/li>\n<li>The right to a tax credit on the basis of annual personal income tax stemming from investing in an alternative investment fund and\/or purchasing of an investment unit of an alternative investment fund is introduced;<\/li>\n<li>The number of persons required to pay withholding tax on the income from capital if the payer of income is an open investment fund and\/or an alternative investment fund which is not considered a legal entity is increased.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>The Ministry of Finance has published the draft Personal Income Tax Amendment Act and draft Compulsory Social Insurance Contributions Amendment &#8230; <a class=\"cz_readmore\" href=\"https:\/\/www.profitplus.rs\/en\/on-publishing-the-draft-personal-income-tax-amendment-act-and-draft-compulsory-social-insurance-contributions-amendment-act\/\"><i class=\"fa fa-angle-right\"><\/i><span>More info<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":119,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[14],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v15.2.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>On publishing the draft Personal Income Tax Amendment Act and draft Compulsory Social Insurance Contributions Amendment Act - PROFIT PLUS West Balkans<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.profitplus.rs\/en\/on-publishing-the-draft-personal-income-tax-amendment-act-and-draft-compulsory-social-insurance-contributions-amendment-act\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"On publishing the draft Personal Income Tax Amendment Act and draft Compulsory Social Insurance Contributions Amendment Act - PROFIT PLUS West Balkans\" \/>\n<meta property=\"og:description\" content=\"The Ministry of Finance has published the draft Personal Income Tax Amendment Act and draft Compulsory Social Insurance Contributions Amendment ... 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