Member of the City Council in charge of budget and finance Dejan Mandić held a press conference at the City Hall. On this occasion he pointed out that, when it comes to property tax of  legal entities, it is completely clear and unambiguous fact how it is determined.

- There are only two elements that determine the property tax of legal entities such as a tax rate and a tax base. The tax rate is given in the Property Tax Law and Article 11 of the Law is identical to Article 3 of our Parliamentary Decision, so that the Property Tax Law is upheld in full - Mandić said, adding that the fair value is declared on the last day of the fiscal year of the taxpayers in the current  year, regarding the property  tax base of the taxpayers that are legal entities that keep books, as stated in the said Law.

During the conference Dejan Mandić said that legal entities should express the value of their property using the fair value model in the accounting which is then taken as the basis. In cases where legal entities do not show the fair value in the books, the property value is taken as the base, as for all other taxpayers and in accordance with the Law.

Looking back at a press conference which was held today by the political party of the United Regions of Serbia, Dejan Mandić said that it was subjectively and personally defined as it presented examples of the company whose legal representative is exactly the same person who spoke at the conference. It is an example that is not in accordance with the Property Tax Law, i.e. a much smaller value than the fair value is being presented, in which case the tax calculation that is taken as the tax base is in the value of the property in the same way as for all other taxpayers.

Given that the Tax Administration has not yet reached the mass printing of about 137 thousand decrees for both legal entities and natural persons, the way the data presented on the aforementioned conference were reached remains an unknown fact.

Finally, the member of City Council pointed out that the Law will be strictly obeyed in the future as well, taking into account the interests of the citizens of Novi Sad. He also took the opportunity to invite all those who have residual claims on the basis of property taxes and the city construction land use fees to settle their debts, since the total amount of debt, on various grounds, towards the Tax Administration is about one billion RSD.

Novi Sad, 5^th February 2014