Minister denies new "rich tax" is in works

Finance Minister Diana Dragutinovic has denied that her department is drafting new legislation aimed at taxing the rich. She stated in Belgrade on Thursday that the ministry was merely preparing changes to existing laws regulating this area. Minister denies new "rich tax" is in works The ministry is working to change the corporate tax, since the law currently in effect is not sufficiently "giving", according to Dragutinovic. "I have not announced a new tax law. I have simply announced that the Ministry of Finance is working to amend and append the corporate tax," said the minister. Dragutinovic added that currently those who "truly turn good profits and for whom Serbia is the center of business interest pay taxes at a very low rate". And while her fellow cabinet members have said they were not acquainted with the draft, economic experts have criticized the announced move.

Minister denies new "rich tax" is in works

The ministry is working to change the corporate tax, since the law currently in effect is not sufficiently "giving", according to Dragutinović.

"I have not announced a new tax law. I have simply announced that the Ministry of Finance is working to amend and append the corporate tax," said the minister.

Dragutinović added that currently those who "truly turn good profits and for whom Serbia is the center of business interest pay taxes at a very low rate".

And while her fellow cabinet members have said they were not acquainted with the draft, economic experts have criticized the announced move.