The Tax Committee commenced its work in 2004 as the Value Added Tax (VAT) Task Force with the specific aim of addressing problems associated with the implementation of the VAT Law. The group achieved significant results in a short period of time and in 2006 was transformed into a formal Tax Committee.

2009

• On September 3, AmCham Tax Committee representatives, Chairman Igor Lončarević of KPMG and Zoran Skopljak of KN Law Office, and AmCham Executive Office representatives Bojana Ristić and Milica Stojanović, met with Nataša Kovačević, Assistant Minister in charge of the Fiscal System Department at the Ministry of Finance. The meeting came about as a result of an earlier AmCham initiative regarding the improvements of Corporate Income Tax Law provisions. Following the constructive discussion involving AmCham comments and suggestions, Ms. Kovačević stated that most of AmCham recommendations would be incorporated in the new Draft Law planned to be adopted in the fall together with the Budget for 2010. Afterwards, she invited AmCham representatives to a follow-up meeting as soon as the new Draft Law is completed, but before it is sent to the Government, so that we can talk over any further amendments.

AmCham Comments on Corporate Income Tax Law (both in Serbian and English) including feedback from the Ministry of Finance are available here.

2008

• The Tax Committee devoted its efforts in 2008 to assisting the Government in fine-tuning legislation adopted in the previous years, focusing on three areas considered most important to the AmCham membership - Corporate Income Tax Law, VAT Law and Personal Income Tax Law.

2007

• The Government adopted amendments to the Corporate Income Tax Law  following a majority of the AmCham Tax Committee's suggestions, including deductibility of advertising expenses and allowing long-term reservation for severance payments.
• In November, the Tax Committee organized a Business Today Seminar on Double Taxation Treaties that attracted significant interest from the membership.

2006

• The VAT Task Force was transformed into a formal Tax Committee;
• In June, the Parliament adopted amendments to the Personal Income Tax Law in line with         AmCham recommendations, decreasing the effective burden on the average net salary by 10%.
• Tax Committee members took an active part in and made significant contributions to the first issue of AmCham Perspective, dedicated to the fiscal framework in Serbia;

2005

• The VAT Law was amended with the incorporation of proposals prepared by the VAT Task-Force;
• In December, then Minister of Finance Mlađan Dinkić was guest speaker at an AmCham monthly business luncheon. He made specific reference to the productive cooperation between AmCham and his Ministry on VAT Law amendments and announced regular meetings between AmCham and his cabinet to expand their dialogue.