DOI: 10.5937/jaes15-12396
This is an open access article distributed under the CC BY-NC-ND 4.0 terms and conditions.
Volume 15 article 415 pages: 71 - 80
In recent decades there have been significant
changes in the legal treatment of foreign direct investments.In Serbia, like in
other transitional countries, there has been liberalization of rules on foreign
direct investments. Parallel to this process, the government began to approve a
number of financial and fiscal incentives for foreign direct investments. In
principle, it can be concluded that this approach is justified. However, some
weaknesses can be observed. In terms of financial incentives, it is noticeable
the existence of certain discretionary powers which could be considered
excessive. Regarding tax incentives, in our opinion, the possibility of
introducing incentives for export activities should be seriously considered. On
the other hand, we believe that it is not justified to prescribe different
customs treatment for imports of equipment brought to the capital of a company
depending on whether such equipment is imported by a domestic or foreign
investor. Finally, we are of opinion that it is necessary to undertake a
serious study about the effects of investment incentives in order to give a
proper assessment of their effectiveness and efficiency.
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