Representatives of 12 Bilateral Chambers of Commerce in Serbia Propose Additional Measures of Support to Companies

Representatives of 12 bilateral chambers of commerce in Serbia have sent a joint initiative to the Ministry of Finance to implement additional measures of support to small and medium enterprises in the country that are facing a drop in activities or a total cessation of activities due to coronavirus.

– It is this situation that has made out bilateral organizations come to the idea to appeal to the authorities and the ministry through a joint initiative to consider how the spreading of coronavirus reflects on the operations of our small and medium enterprises, which are the most jeopardized in such situations – says the press release of 12 chambers, which gather several thousand companies.

As additional economic measures of support, they recommend a postponement of tax and welfare compensations for SMEs (such as a reduction of lump-sum tax payment obligations, or exemption from wage taxes and contributions), easier access to bank credits and direct support in the form of subsidies or programs of refundable aid and guarantees for liquidity.

For the heavily affected sectors, such as tourism and hospitality, cultural industry and international transport, they propose the cancellation of advance corporate income tax payments and the wage taxes and contributions.

The initiative is signed by: French-Serbian Chamber of Commerce, German-Serbian Chamber of Commerce, Belgian-Serbian Business Association, British-Serbian Chamber of Commerce, Italian-Serbian Chamber of Commerce, Association of Italian Companies in Serbia – Confindustria, Hellenic Business Association Serbia, Dutch-Serbian Business Association, Croatian Business Club, Polish-Serbian Business Association, Slovenian Business Club and Swiss-Serbian Chamber of Commerce.

Ministarstvo finansija Republike Srbije

Francusko-srpski poslovni klub

AHK Srbija

BSPA Beograd

Predstavništvo British-Serbian Chamber of Commerce, Beograd

Komora italijansko-srpskih privrednika Beograd

Konfindustrija Srbija

Helensko Privredno udruženje Srbije

HSPA

Hrvatski poslovni klub Beograd

Slovenački poslovni klub Beograd

Švajcarsko-srpska trgovinska komora

Poljsko Srpsko poslovno udruženje

Ministry of Finance

French Serbian Chamber of Commerce

German Serbian Chamber of Commerce

Belgian Serbian Business Association

British Serbian Chamber of Commerce

Italian Serbian Chamber of Commerce

Association of Italian Companies in Serbia Confindustria

Hellenic Business Association Serbia

Dutch Serbian Business Association

Croatian Business Club

Polish Serbian Business Association

Slovenian Business Club

Swiss Serbian Chamber of Commerce

bilateral chambers of commerce

coronavirus

economic measures

postponement of tax and welfare compensations

reduction of lump sum tax payment obligations

exemption from wage taxes and contributions

bank credits

subsidies

refundable air program

guarantee for liquidity

cancellation of advance corporate income tax payments