asset-origin law

Serbia’s asset-origin law yields limited outcomes after 2020 adoption

Serbia introduced the Law on Determining the Origin of Property and Special Taxation in 2020 as a tool aimed at addressing corruption, tax evasion and unexplained wealth. More than five years later, the practical results remain modest relative to the expectations set at the time of adoption. The framework is implemented through the Tax Administration, which can examine cases where assets and spending exceed declared income. The legislation allows authorities to investigate unexplained differences between an individual’s declared income and…