economy
First Case in Serbia: Citizen Must Pay 20.7 Million Dinars for Failing to Prove Property Origin
The Tax Administration has made the first final decision under the Law on Determining Property Origin. A citizen who failed to prove how they acquired their property must pay 20.7 million dinars.
TL;DR
- The first final decision under Serbia's Law on Determining Property Origin has been issued.
- A citizen must pay 20.7 million dinars in special tax for failing to explain the origin of their assets.
- The special tax rate is 75% of the unexplained difference between declared income and asset growth.
- The law allows for the verification of various assets including property, vehicles, and savings.
- Citizens are advised to keep records proving the source of their income and investments to avoid hefty taxes.