Dinkić announces new income tax plans

Mlađan Dinkić says that the “For a European Serbia” coalition will propose the adoption of a new income tax law at parliament’s first autumn session.

Izvor: B92

Thursday, 17.04.2008.

15:33

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Mladjan Dinkic says that the “For a European Serbia” coalition will propose the adoption of a new income tax law at parliament’s first autumn session. The new law would reduce income tax by 10 percent and the non-taxable band would be raised to EUR 100. Dinkic announces new income tax plans “That means that for wages of up to EUR 100 no tax would be paid,” explained the G17 Plus leader, whose party is on the Democratic Party (DS) list. He was on a visit to the Dunav textile factory in Grocka, with the DS candidate for Belgrade mayor, Dragan Djilas. According to Dinkic, this will be of great importance to the textile industry and people employed in that sector, because everything saved in taxes would go to increasing workers’ wages. “In order not to lose out on tax revenue, we will propose progressive taxation of the richer within that law. That way, at the end of the year, those who have a higher income will pay proportionally more than they do now,” said the economy minister. While visiting a new section of the Dunav textile factory, constructed with an investment of EUR 3mn, Djilas, the minister responsible for the National Investment Plan (NIP), said that the factory had been given EUR 100,000 from the NIP, in cooperation with the SIEPA agency and the Economy Ministry, for the creation of 50 new jobs. “So far, this way, we have helped over 12,000 people find new jobs,” stressed the minister. He said that Dunav was an example why Serbia should sign the Stabilization and Association Agreement (SAA) with the European Union, because the CEFTA agreement could not be applied without the SAA, and the factory was forced to pay export duties even on goods going to the markets of former Yugoslav republics. Dragan Djilas, Mladjan Dinkic (FoNet, archive)

Dinkić announces new income tax plans

“That means that for wages of up to EUR 100 no tax would be paid,” explained the G17 Plus leader, whose party is on the Democratic Party (DS) list. He was on a visit to the Dunav textile factory in Grocka, with the DS candidate for Belgrade mayor, Dragan Đilas.

According to Dinkić, this will be of great importance to the textile industry and people employed in that sector, because everything saved in taxes would go to increasing workers’ wages.

“In order not to lose out on tax revenue, we will propose progressive taxation of the richer within that law. That way, at the end of the year, those who have a higher income will pay proportionally more than they do now,” said the economy minister.

While visiting a new section of the Dunav textile factory, constructed with an investment of EUR 3mn, Đilas, the minister responsible for the National Investment Plan (NIP), said that the factory had been given EUR 100,000 from the NIP, in cooperation with the SIEPA agency and the Economy Ministry, for the creation of 50 new jobs.

“So far, this way, we have helped over 12,000 people find new jobs,” stressed the minister.

He said that Dunav was an example why Serbia should sign the Stabilization and Association Agreement (SAA) with the European Union, because the CEFTA agreement could not be applied without the SAA, and the factory was forced to pay export duties even on goods going to the markets of former Yugoslav republics.

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