VAT rate on IT equipment to be raised to 20%

Finance Minister Lazar Krstić said on Thursday that "the final list" of products that would be transferred to "the higher VAT class" has yet to be made.

Izvor: B92

Thursday, 10.10.2013.

15:06

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BELGRADE Finance Minister Lazar Krstic said on Thursday that "the final list" of products that would be transferred to "the higher VAT class" has yet to be made. However, he explained, IT equipment and hotel services will "certainly" be on that list. VAT rate on IT equipment to be raised to 20% This means that new VAT rates, increased from eight to 20 percent, will apply for these products. Speaking for B92 today after a series of austerity measures were announced earlier this week, Krstic said that relevant draft laws would be prepared successively and that most would be sent to parliament in November. "Those draft laws which should be granted by the government should be prepared first, and some of them will be completed by the end of October, while the majority of the documents would be filed to parliament in November," he said. Krstic said that the data about the number of employees in the public sector totalled 650,000 and there are still 300 institutions which are supposed to report the number of their workers, so the total number of employees in the sector could reach 700,000, which is by 150,000 more than estimated. Speaking about layoffs, Krstic said that "systemic solutions need to be introduced in the public sector, in the mode of unified payment distributions." According to him, employees performing the same office with the same qualifications in institutions in different parts of Serbia will have the same salaries, and those who are more efficient in their jobs can make faster progress through payment distribution, while those who do not work at all or hold their offices according to the political affiliation can be dismissed. “We are drawing up a register of institutions with the Ministry of Justice and Public Administration so as to see what each and every one of them is doing, how many people are needed for the job what their performance is, on grounds of which a thorough reorganisation would be carried out,” Krstic said. Asked why Economy Minister Sasa Radulovic was not present at the government session when the austerity measures were announced, Krtic said that he "believed" that Radulovic was unable to attend, and added: "Radulovic is a representative of the economy and considering he is in that position, he has suggestions for the economy and ideas how to lift the economy even more, but certainly as the minister of economy he supports these measures." (Beta, file) B92 Tanjug

VAT rate on IT equipment to be raised to 20%

This means that new VAT rates, increased from eight to 20 percent, will apply for these products.

Speaking for B92 today after a series of austerity measures were announced earlier this week, Krstić said that relevant draft laws would be prepared successively and that most would be sent to parliament in November.

"Those draft laws which should be granted by the government should be prepared first, and some of them will be completed by the end of October, while the majority of the documents would be filed to parliament in November," he said.

Krstić said that the data about the number of employees in the public sector totalled 650,000 and there are still 300 institutions which are supposed to report the number of their workers, so the total number of employees in the sector could reach 700,000, which is by 150,000 more than estimated.

Speaking about layoffs, Krstić said that "systemic solutions need to be introduced in the public sector, in the mode of unified payment distributions."

According to him, employees performing the same office with the same qualifications in institutions in different parts of Serbia will have the same salaries, and those who are more efficient in their jobs can make faster progress through payment distribution, while those who do not work at all or hold their offices according to the political affiliation can be dismissed.

“We are drawing up a register of institutions with the Ministry of Justice and Public Administration so as to see what each and every one of them is doing, how many people are needed for the job what their performance is, on grounds of which a thorough reorganisation would be carried out,” Krstić said.

Asked why Economy Minister Saša Radulović was not present at the government session when the austerity measures were announced, Krtić said that he "believed" that Radulović was unable to attend, and added:

"Radulović is a representative of the economy and considering he is in that position, he has suggestions for the economy and ideas how to lift the economy even more, but certainly as the minister of economy he supports these measures."

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