Representatives of 12 Bilateral Chambers of Commerce in Serbia Propose Additional Measures of Suppor

Monday, 23. Mar 2020.

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.

Source: eKapija

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