(„Official Gazette of the Republic of Serbia No. 138/2022) The National Assembly of the Republic of Serbia at the session held on 09.12.2022. adopted the amendments to the Law on Value Added Tax, the Law on Tax Procedure and Tax Administration, the Law on Property Taxes, as well as the Law on Contributions for Compulsory Social Insurance and the Law on Pension and Disability Insurance. Amendments to the aforementioned laws were published in the Official Gazette of the Republic of

The Development Agency of Serbia (hereinafter referred to as “DAS”) has published a Public Call for Participation in the Support Program for the Development of Competitiveness (hereinafter referred to as the “Program”). The goal of the Program is to improve the competitiveness, safety and quality of products and services, to facilitate access to the market, as well as to increase the level of use of standards in production, business and product certification. The right to participate in Program and use

(“Official Gazette of RS”, No. 14/2022, “Law”) The Law on Social Entrepreneurship (“Official Gazette of RS”, No. 14/2022, “Law”) entered into force on February 15th, 2022 and as of November of the current year, legal entities (companies, associations and other entities) as well as entrepreneurs who are registered with the Business Registers Agency have the possibility of acquiring the status of social entrepreneurship. In accordance with the provisions of the Law, social entrepreneurship is the performance of activities of general

(“Official Gazette of the Republic of Serbia”, No. 67/2022) In the Official Gazette of the Republic of Serbia No. 67 of June 17, 2022 the Decree Determining the Criteria for Granting Incentives to Employers who Employ Newly Settled Persons in the Republic of Serbia (hereinafter: the “Decree”) was published, which entered into force on the day following its publication in the Official Gazette of the Republic of Serbia, i.e. on 18.06.2022. The aim of this Decree is to enable, through

(“Official Gazette of the Republic of Serbia“ No. 48/2022) In the Official Gazette of the Republic of Serbia No. 48 from 15 April 2022, the Rulebook on Conditions and Manner of Exercising the Right to Tax Exemption Based on Salaries of Research and Development Employees (hereinafter: the “Rulebook”) was published and entered into force on the following day from the date of its publication in the Official Gazette of the Republic of Serbia, i.e. as of 16 April 2022. In

We would like to inform you that on 8 April 2022 Amendments to the set of legal acts regulating electronic invoices have been introduced, including the Decree on conditions and manner of using electronic invoices, the Decree on conditions and manner of storing and making available electronic invoices, the Rulebook on manner and procedure of registration for access to electronic invoices, system of electronic invoices and data available in the system of electronic invoices, as well as the Rulebook on

(“Official Gazette of the Republic of Serbia”, No. 18/2022) In the Official Gazette of the Republic of Serbia No. 18 from 11 February 2022, the Decree on Determining the Criteria for Granting Incentives for Attracting Direct Investments in Automation of Existing Capacities and Innovation (hereinafter: the “Decree”) was published and entered into force on the eighth day from the date of its publication in the Official Gazette of the Republic of Serbia, i.e. on 19 February 2022. Companies engaged in

(“Official Gazette of the Republic of Serbia” No. 12/2022) In the Official Gazette of the Republic of Serbia No. 12 from 1 February 2022, the Decree on Determining the Financial Support Program – Using Standards for More Competitive Products was published, and enters into force on the eighth day from the date of its publication in the Official Gazette of the Republic of Serbia, i.e. 9 February 2022. The Ministry of Economy in cooperation with the Development Agency of Serbia

(“Official Gazette of the Republic of Serbia”, No. 129/2021) In the Official Gazette of the Republic of Serbia No. 129 from 28 December 2021 the Law on Innovation Activity (Official Gazette of the Republic of Serbia, No. 129/21, hereinafter: the “Law”) was published and entered into force on the eighth day from the date of its publication in the Official Gazette of the Republic of Serbia, i.e. on 5 January 2022, with the exception of provisions relating to the Register

(“Official Gazette of the Republic of Serbia” No. 4/2022) In the Official Gazette of the Republic of Serbia No. 4 from 14 January 2022, a set of Decrees on determining support programs for micro, small and medium enterprises and entrepreneurship was published, and entered into force on the day following the day of its publication in the Official Gazette of the Republic of Serbia, i.e. on 15 January 2022. The programs, which aim to stimulate the economy in 2022, are

(“Official Gazette of the Republic of Serbia“ No.118/2021) IIn the Official Gazette of the Republic of Serbia No. 118 from 9 December 2021 Amendments to the Law on Personal Income Tax (“Official Gazette of the Republic of Serbia”, No. 24/2001, 80/2002, 80/2002, 135/2004, 62/2006, 65/2006, 31/2009, 44/2009, 18/2010, 50/2011, 91/2011, 7/2012, 93/2012, 114/2012, 8/2013, 47/2013, 48/2013, 108/2013, 6/2014, 57/2014, 68/2014, 5/2015, 112/2015, 5/2016, 7/2017, 113/2017, 7/2018, 95/2018, 4/2019, 86/2019, 5/2020, 153/2020, 156/2020, 6/2021, 44/2021 and 118/2021, hereinafter: the “Law“), were

(“Official Gazette of the Republic of Serbia“ No.109/2021) In the Official Gazette of the Republic of Serbia No. 109 from 19 November 2021, Amendments to the Law on Companies (“Official Gazette of the Republic of Serbia”, No. 36/2011, 99/2011, 83/2014, 5/2015, 44/2018, 95/2018, 91/2019 and 109/2021; hereinafter: the “Law“) were published and entered into force on the eighth day from the date of its publication in the Official Gazette of the Republic of Serbia, i.e. 27 November 2021, with the