Two million workers will have to PROVIDE EVIDENCE for transportation costs

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    Two million workers will have to PROVIDE EVIDENCE for transportation costs

    Once the new Personal Income Tax Act is adopted, employees will have to document every expense for transportation from home to work and vice versa. Basically, a total of around 2.2 million workers in Serbia will have to bring fiscal receipts from kiosks once they purchase “Bus Plus” or fuel bills, i.e. if they get to work with their cars. Those whom the company will pay for monthly public transportation via direct payment to the city carrier are exempt from such practice. Namely, companies have so far complied with an opinion of the Ministry of Finance, stipulating how employers need to have the appropriate “accounting documents” which prove that this money indeed represents a reimbursement for travel costs and which is in practice a non-taxable amount for the employer, in order to cover employees’ travel costs. The latest amendments stipulate that transportation cost reimbursements will have to be documented, which means the worker will need to have a receipt. This will practically affect all employees who do not use public transportation, the President of the Accounting Chamber of Serbia, Snezana Mitrovic explains in an interview with the “Blic” daily newspaper.

    Izvor: Blic

    Foto: Pixabay

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