Serbian government to cut income tax by 10% in fall.

By bne IntelliNews April 27, 2010
Economy minister Mladjan Dinkic announced that the government plans to cut personal income tax by 10% and increase the non-taxable monthly income as of this fall in order to make the country more luring investment destination. The government wants to attract large foreign investors and thus boost the country's exports, Dinkic said. Cutting the income tax is part of the broader tax system reform that the authorities are planning for next year. The announced tax reform seeks to boost production and employment, as well as exports, finance minister Diana Dragutinovic had explained earlier in the month. She also said the reform aims to improve country's competitiveness and reduce grey economy.

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