CERTAIN LEGAL ASPECTS OF ACTUAL AND FUTURE LEGAL STATUS OF THE FREE ZONES OF SERBIA
Keywords:
free zones, free zone management, custom duties and tax reliefsAbstract
Free zones in Serbia supported by the custom duties and tax exemptions, and non-financial benefits for decades attract investors. The article presents the solutions of the valid Law on Free Zones, related to their organization, goals, and financial facilitation to the operation of the users. Then highlighted are the advantages and disadvantages of the existing solutions, and put the focus on its key changes according to the current text of the Draft Law on Amendments to the Law on Free Zones. By linking the amendments to that law with the need to harmonize it with the EU acquis and the rules of the World Trade Organization, it is also emphasized that support benefits for the users of free zones through custom dutes and tax relief should not be completely abandoned, as far as they are aligned with EU acquis and WTO rules.