The Legal 500

PWC Legal in cooperation with Milovanovic & Aksic attorneys at law

OMLADINSSKIH BRIGADA 88A, 11070 NOVI BEOGRAD, SERBIA
Tel:
Work +381 11 33 02 100
Fax:
Fax +381 11 33 02 101
Web:
www.pwclegal.rs
Zaragoza, Zagreb, Yuzhno-Sakhalinsk, Warsaw, Vilnius, Vientiane and 69 more

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Legal Developments by:
PricewaterhouseCoopers Legal LLP

Legal Developments in Serbia

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • Law on Conversion Adopted in Serbia

    On 28 July 2015 the newly enacted “Law on Conversion” (the “Law ”) which sets out the procedure for converting the right of use into ownership rights over construction land for a fee (the “Conversion ”), will come in force.
  • IP Pro Discusses Fake Goods in Eastern Europe

    Karanovic & Nikolic IP Senior Associate  Relja Mirkov  was recently interviewed by IP Pro on Eastern European countries that attract fake goods from Asia and how to tackle the problem.
  • Setting Up a Pre-harvest Financing Framework in Serbia

    Over the last 10 years, considerable legislative efforts have been made towards creating a favourable framework for financing agribusiness and agricultural production in Serbia. The latest piece of legislation in that sector is a law on secured pre-harvest financing.
  • Tax Legislation Overhaul Proposed in the Republic of Srpska

    Significant changes to the tax regulations in the Republic of Srpska (“RS”) are expected in the coming months. On March 6, the National Assembly of RS passed amendments to the Law on Fiscal Cash Registries. In addition, Parliament approved the Government’s proposals on amendments to several important tax laws, including corporate income tax, personal income tax, social security contributions and property tax. Proposed changes to the laws governing accounting and financial audits have also been approved. These changes are intended to clarify and strengthen existing tax rules, widen the tax base and introduce more discipline in the payment of tax, but also to reduce the tax burden for businesses in order to stimulate economic growth.
  • VAT Exemption Rules Clarified in the New Rulebook of the Minister of Finance of Montenegro

    The Montenegrin Minister of Finance issued a Rulebook on the Procedures Governing VAT Exemptions for Investors and Supply of Certain Products and Services (the “Rulebook”). The Rulebook defines in more detail the process of VAT exemption introduced by recent amendments to the VAT Law of Montenegro.
  • Tax Legislation Overhaul Proposed in the Republic of Srpska

    Significant changes to the tax regulations in the Republic of Srpska (“RS”) are expected in the coming months. On March 6, the National Assembly of RS passed amendments to the Law on Fiscal Cash Registries. In addition, Parliament approved the Government’s proposals on amendments to several important tax laws, including corporate income tax, personal income tax, social security contributions and property tax. Proposed changes to the laws governing accounting and financial audits have also been approved. These changes are intended to clarify and strengthen existing tax rules, widen the tax base and introduce more discipline in the payment of tax, but also to reduce the tax burden for businesses in order to stimulate economic growth.
  • The Gas Pipelines, the Cold War and the Black Sea Region

    Since the end of the Cold War, the Black Sea region has gained even greater political and economic importance and has become the subject of a dominance battle between world powers including the United States of America, Russia and the most influential member states of the European Union. While these world powers battle for dominance, local players such as Turkey and Ukraine have also gained importance and have used their geopolitical position to promote themselves as key international policy players.
  • Supporting Renewables in Serbia

    Serbia is a contracting party to the Energy Community Treaty (ECT), signed in October 2005 between the European Union (EU) and nine South Eastern European countries. Since then, Bulgaria, Romania, and Croatia have ceased to be parties upon their accession to the EU and thus are no longer parties to the ECT, while Moldova and Ukraine have become parties to the agreement.
  • Amendments to Transfer Pricing Rulebook

    In our Newsletter 17/2013 , we presented novelties introduced into Serbian transfer pricing regulations by the new Rulebook on Transfer Pricing and Arm's Length Methods Applicable to Determination of Prices in Transactions Between Related Entities (" Rulebook "), which elaborates on the statutory requirement for mandatory transfer pricing documentation for FY 2013 and onwards.
  • Serbian brewery fined in Bosnia for abuse of dominance

    On 20 November 2013, the Bosnian Competition Council issued a decision establishing that the Serbian brewery "Apatinska" abused its dominant position on the relevant market of beer distribution in Bosnia and Herzegovina. The Council imposed a fine on the brewery in the amount of BAM 430,000 (EUR 215,000).