Serbia: Employee Benefits Update

September 12, 2016:

The following changes in employee benefits have been reported back by Asinta’s partner in Serbia, MAI CEE:

Legal/Legislative Changes:

As of December 26, 2015 a new insurance law went into effect, which, among other things, now treats risk of death due to illness as a type of life insurance. This type of risk was previously considered group personal accident coverage, which was non-taxable. The change has caused this type of risk coverage to be treated as earnings, and is therefore now taxable.

Market Trends:

There have been no changes in the market trends for employee benefits thus far in 2016.