Ser­bian in­cen­tives.

Kathimerini English - - Business & Finance -

Ser­bia will lower pay­roll taxes and other charges for new work­ers in or­der to boost job cre­ation, Prime Min­is­ter Mirko Cvetkovic said on Thurs­day. “This is a stim­u­lus for com­pa­nies to hire more peo­ple,” Cvetkovic told re­porters. The mea­sures would see the tax rate and so­cial con­tri­bu­tions paid by em­ploy­ers – cur­rently at around 70 per­cent of the salary – halved or even low­ered to 15 per­cent, de­pend­ing on the age of new em­ploy­ees. With one in five work­ing-age Serbs unem­ployed, and some 90,000 peo­ple los­ing jobs last year, the mea­sure aims to boost em­ploy­ment and re­duce un­de­clared em­ploy­ment. Ser­bian com­pa­nies are es­ti­mated to em­ploy 100,000 un­de­clared work­ers to avoid pay­ing the heavy pay­roll charges. (AFP)

Newspapers in English

Newspapers from Greece

© PressReader. All rights reserved.