Tuesday, 16 March 2010

Fifty-First Sitting of the Finance Committee

At the fifty-first sitting held on 16 March, the members of the Finance Committee discussed the particulars of the Bill amending and modifying the Corporate Income Tax Law, Bill amending and modifying the Personal Income Tax Law, Bill on the indebtedness of the Republic of Serbia at Erste GCIB Finance I.



At the fifty-first sitting held on 16 March, the members of the Finance Committee discussed the particulars of the Bill amending and modifying the Corporate Income Tax Law, Bill amending and modifying the Personal Income Tax Law, Bill on the indebtedness of the Republic of Serbia at Erste GCIB Finance I.B.V. Amsterdam, with Erste Bank a.d. Novi Sad as agent, Marfin Bank a.d. Belgrade and Vojvodjanska Banka a.d. Novi Sad, Bill granting guarantee by the Republic of Serbia in favour of Banca Intesa a.d. Belgrade under the debt of Public Enterprise Srbijagas Novi Sad and the Bill on the Confirmation of the Loan and Financing Agreement between KFW, Frankfurt am Main and the Republic of Serbia – Water supply and sewerage programme in medium-sized municipalities in Serbia I – Phase 2.

The sitting was chaired by Zoran Krasic, Committee Chairman and attended by representatives of the Ministry of Finance.

The deputies submitted a total of 16 amendments to the Bill amending and modifying the Corporate Income Tax Law. The Government of the Republic of Serbia and the Finance Committee accepted none of the submitted amendments, and the Committee submitted an amendment of its own to article 10 of the Bill.

A total of 13 amendments were submitted to the Bill amending and modifying the Personal Income Tax Law, the Government of the Republic of Serbia and the Committee accepted two of the amendments.

The one amendment submitted to the Bill on the indebtedness of the Republic of Serbia at Erste GCIB Finance I.B.V. Amsterdam, with Erste Bank a.d. Novi Sad as agent, Marfin Bank a.d. Belgrade and Vojvodjanska Banka a.d. Novi Sad was accepted by both the Government of the Republic of Serbia and the Finance Committee.

Out of the two amendments submitted to the Bill granting guarantee by the Republic of Serbia in favour of Banca Intesa a.d. Belgrade under the debt of Public Enterprise Srbijagas Novi Sad, the Government of the Republic of Serbia and the Finance Committee accepted one amendment.

Neither the Government of the Republic of Serbia nor the Finance Committee accepted the one amendment submitted to the Bill on the Confirmation of the Loan and Financing Agreement between KFW, Frankfurt am Main and the Republic of Serbia – Water supply and sewerage programme in medium-sized municipalities in Serbia I – Phase 2.


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