KRAGUJEVAC -- The Kragujevac City Assembly will make a decision today on a proposal to exempt Fiat from tax obligations until 2018. If the proposal is passed, it would save Fiat some EUR 580,000 over the next ten years. Kragujevac Deputy Mayor Nebojša Zdravković explained that Fiat would be exempt from paying local utility taxes over the next ten years, as well as taxes on property and land. “We will also pass a decision to launch an initiative to formulate a plan for the detailed regulation of Kormansko Polje, where all Fiat’s associates will be housed, and where Iveco will make its truck factory and put its associates too,” he said. “Fiat plans to begin building of a big new production facility in December. For the new facility, they won’t have to pay anything that is necessary, including the organization of the...
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