Issuing bonds can yield tax breaks?

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Source eKapija, 06. 09. 2010.
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	Federal Ministry of Finance - Federalno ministarstvo finansija/financija Sarajevo.
	SASE d.d. Sarajevo.
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	Debt Legislation
	SASE
	tax breaks
	Ministry of Finance
	Going public and public offering
	Zlatan Dedic

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September 7, 2010 - After the amendments to Debt Legislation removed obstacles to the cantons, municipalities and public enterprises, they can now borrow by issuing securities. All the conditions are met to start financing projects that way.

"Practices of other countries show that issuing debt securities is accompanied with tax breaks, which is obviously more attractive to investors ", said Zlatan Dedic Managing Director of SASE. He feels that the Federation should call for the same tax breaks, hoping that the recent discussions he had with the Ministry of Finance, will have a positive outcome.

Dedic continues, saying that the SASE renewed contacts with municipalities regarding financing possibilities of local projects through issuing municipal bonds.

SASE’s new project ‘Going public and public offering’ targets limited liability companies, presenting them with interesting opportunities when acquiring capital. “We hope for these and other initiatives to have a positive influence to the stock market movements in the next year”, concludes Dedic.

D.K.