Law on amendments to the law on cash registers (“Official Gazette of the Republic of Serbia” No.93/2012)

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National Assembly of the Republic of Serbia has passed at the Ninth extraordinary session the proposal of Law on Amendments to the Law on Cash Registers. The Law was published in the “Official Gazette of the Republic of Serbia” no.93/2012 on September 28th, 2012, and came into force on October 6th , 2012.

Amendments to the Law on Cash Registers provide abrogation of imposition of measure of a working ban for a period of 60 days in certain situations when during inspection procedure an irregularity was found.

Also, an exemption from duty to track cash register turnover for entrepreneurs is provided. To benefit from this exemption an entrepreneur must pay flat-rate taxes on income from self-employment in production. It is also necessary that entrepreneur sells the products he produced or/and provides services to natural person. These provisions are also provided for banks, insurance companies, PTT (postal, telegraph and telephone) companies, and state-owned companies that via measuring instruments charge natural persons for sold goods and provided services by calculating consumption.

A significant new provision is an increase of fines for an offence made by legal entity and responsible person within an entity.

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