Serbia: Tax Newsletter – December 2013

Amendments to the tax laws
Facing a significant budget deficit, the Serbian Government plans to change the tax laws for the third time in the last 12 months. The latest sets of changes are intended to increase state revenue and improve fiscal discipline. At its session held on 28 November 2013, the Government proposed to amend the laws governing corporate income tax (CIT), VAT and general tax procedures. The Government also proposed certain minor technical […]

By |December 9th, 2013|

South Africa Taxes And Incentives For Renewable Energy

This edition of Taxes and Incentives for Renewable Energy describes current incentives to promote renewable energy from wind, solar, biomass, geothermal and hydropower. These incentives also support related areas such as increased energy efficiency, smart-grid management, biofuels, carbon capture systems and storage technologies.

This article outlines specific taxes and incentives for renewable energy in South Africa.
CARBON EMISSIONS INCENTIVES
Certified emissions reduction exemption
Section 12K of the Income Tax Act provides for a tax exemption on any amount accrued in […]

By |December 6th, 2013|

Alabama Tax Developments: 2013 Year In Review

Our final Alabama SALT Alert of 2013 summarizes the major legislative, judicial, and administrative developments affecting Alabama taxpayers with respect to income, transactional, and property taxes so far this year. The 2013 regular legislative session produced a number of noteworthy tax bills, several of which improve the operation of Alabama’s existing statutory incentives. In addition, the courts decided several cases of importance, including one that invalidates the exemption from state and local sales and […]

By |December 5th, 2013|