Mon, Jan
62 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


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

Serbia Knowledge Partner

Karanović & Nikolić is a leading international legal practice in South East Europe that offers unrivalled regional and sector specific coverage to investors. As a market leading practice, our dedication, quality legal service, and in-depth understanding of the needs of our clients stands out as a differentiating factor. With over 100 advisors across the region, our original values remain an integral part of our philosophy and approach to client work. Karanović & Nikolić has been involved in many of the largest and most complex transactions in the region and we take pride in our reputation as a regional transactional and corporate/commercial legal powerhouse.

Because we have an active business presence in Bosnia & Herzegovina, Croatia, Macedonia, Montenegro, Serbia and Slovenia, we operate seamlessly across all of these jurisdictions, providing regional services to our clients, while taking into consideration local particularities in order to provide the best legal advice under competitive terms. Renowned for the quality of our lawyers and our commercial approach to solving problems, Karanović & Nikolić advises many of the leading companies, banks, investors and government institutions doing business in the SEE region.

All News about, and Legal Analysis by, Karanovic & Nikolic can be found here.

Firm's website: https://www.karanovic-nikolic.com/


Our Latest Issue