20
Mon, Sep
60 New Articles

The National Assembly of the Republic of Serbia has announced a Bill on Amendments and Supplements to the Law on Games of Chance

The National Assembly of the Republic of Serbia has announced a Bill on Amendments and Supplements to the Law on Games of Chance

Serbia
Tools
Typography
  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times

The new element introduced by this Bill relates to the establishment of a Games of Chance Administration, and defining the tasks and competences of this Administration; no changes or amendments of the present Law with regard to material regulations are envisaged.

Historically speaking, the establishment of this Administration is not a novel concept, given that such an Administration has previously existed, from 2004 to October 2012, when it was discontinued, and its competences transferred to a sector attached to the Tax Administration. This Bill once again establishes the Administration as a separate body within the Ministry.

The Administration will take on all matters currently within the competence of the Tax Administration pertaining to games of chance, objects, employees, information system, archive, and will also monitor compliance with the law and perform duties relating to prevention of money laundering and financing of terrorism. The Director of the Administration will be nominated by the Minister of Finance and appointed by the Government.

The Bill regulates office and on-site inspections carried out by the Administration. Moreover, the Administration's inspector will be authorized to render an immediate decision on temporary closure of facilities and seizure of equipment and objects used in the organizing of games of chance if he/she finds that games of chance are being organized without authorization or in contravention of the law.

Preventing the inspector from carrying out an on-site inspection or from examining premises, business books, reports and records, software and other data of relevance for the lawfulness of business operations constitutes an offence punishable by a fine ranging from RSD 100,000 to RSD 2.000.000.

As specified in the Bill, the law is scheduled to be applied as from March 1, 2019.

By Jelena Stankovic Lukic, PartnerJPM Jankovic Popovic Mitic

JPM Jankovic Popovic Mitic at a Glance

The oldest full service commercial law firm in Serbia, founded in 1991, JPM with three decades of experience in assisting local and international businesses presence and growth not only in Serbia but throughout the SEE region.

We have accumulated a wealth of knowledge in every industrial and corporate sector, from energy to banking, transport, manufacturing and telecommunications, while remaining true to a pioneering spirit that has always drawn us to follow the latest trends and developments in providing of our services to clients. Today we use the latest legal tech available in serving our clients and are expanding our services to clients from growing industries such as renewable energy, IT and life sciences, by offering innovative solutions and a pro-active approach to broaching new grounds.

Our expertise, experience, and commitment to professional excellence mean we are routinely involved in landmark cases and transactions, while our high standing among clients and peers sees us ranked among the leading law firms by independent guides such as Chambers & Partners, Legal 500, and IFLR1000.

We are known for working closely with clients and treating their problems as our own. Our lawyers pride themselves on being team players, fast and available, specialised in terms of practice area and industry, but versatile and creative in their thinking. We believe our advice should be tailor-made and that even the thorniest issue has a legal solution.

Our membership of Lex Mundi (the world’s premiere network of independent law firms) and the TLA (a regional alliance of leading firms from Slovenia, Croatia, Bosnia and Herzegovina, Montenegro, North Macedonia, and Serbia) means we have close working relationships with first-rate firms throughout the region and around the world, enabling us to operate as the perfect hub for SEE and other multi-jurisdictional transactions.

Firm's website: http://jpm.rs/