Counters to retire - Electronic forms for employers available at website of Fund for Pension and Disabled as of March 15

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As of March 15, all employers will able to, at the website of the Fund for Pension and Disabled insurance, fill out and submit electronic form M4, with data on wages and length of service of employees in the previous year.

In Serbia, 204,000 legal entities and 233,000 entrepreneurs are obliged to submit documents for M4 form and through branch offices of the Fund, more than two and a half million forms annually goes through.

Cadez pointed out that modernization of systems and electronic business will lead to big savings in budget and that the objective is to facilitate administration.

- It is difficult to calculate how this step will contribute to savings for Serbian businessmen, not only for time but to what extent it will save them money in future work in their own resources, he added.