Source: Blic | Thursday, 17.06.2021.| 11:50
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Vucic: No taxes on salaries for citizens under the age of 40, 70% relief for companies that did not reduce the number of employees

Illustration (Photo: Iven)
Serbia will abolish the tax on salaries that are above the average for those under 40, announced President Aleksandar Vucic.

As he added, the state will introduce a three-year exemption of 70% on the employee salaries, for those employers who do not reduce the number of employees for three years.

- That will lead to employment growth. That will motivate employers to employ young people - Vucic added.

As he added, in the first five months, foreign direct investments were 12.7% higher compared to the same period last year.

The President stated that Serbia was in third place in Europe in the first quarter, with a growth of 1.7%.

- Only Estonia and Luxembourg are ahead, not counting Ireland. We expect the highest growth in the second quarter, it should be between 12 and 16% - said Vucic and added that Serbia has raised gold reserves to 36.3 tons, and that the goal is over 50 tons.

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