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Predictability of Tax System in Focus

24. February 2013

In an interview for daily Dnevnik that was published on February 24th, Taxation Committee President Ivan Rakic outlined the importance of predictability in tax system for foreign investors.

Tax rates are not a main remark of foreign investors regarding Serbian tax system, Rakic told, adding that Serbia has a favourable rate of corporate income tax. "Main remark concerns the implementation of tax regulation. In that domain there is room for improvement. Therefore, tax authorities should focus on consistent implementation of tax regulation", he told. "If I would have to sum in brief what is of greatest interest for the investors, and what is in their focus when it comes to taxes, I would say it is ‘'predictability'", Taxation Committee President told. The short interview was followed by the interview of State Secretary in the Ministry of Finance and Economy Aleksandar Ljubic who announced comprehensive reform in tax system.