A new set of financial laws, aimed at strengthening the efficiency of the implementation of fiscal consolidation entered into on 1 January 2016. The law is meant to fight the grey economy and ensuring financial discipline and economic recovery of the country. Among other things, the first day of 2016 marked the start of the implementation of the Law on Amendments and Supplements to the Law on Personal Income Tax, which is focused on eliminating the grey zone in employment and converting it into legal flows by providing incentives for legal employment and tax reliefs when new workers are hired. The employer who hires a new worker has the right to claim a refund on income tax paid for the new employee, provided that the employee is registered with the Central Registry of Compulsory Social Insurance.
English: http://www.b92.net/eng/news/business …
For more information, please contact the editor Jan Cremers, Amsterdam Institute for Advanced Labour Studies (AIAS) cbn-aias@uva.nl or the communications officer at the ETUI, Mariya Nikolova mnikolova@etui.org. For previous issues of the Collective bargaining newsletter please visit http://www.etui.org/E-Newsletters/Collective-bargaining-newsletter. You may find further information on the ETUI at www.etui.org, and on the AIAS at www.uva-aias.net.