Decree on limitation of the retail price of protective equipment during the state of emergency due to COVID-19 disease caused by SARS-CoV-2 virus
On 22 March 2020, the Government of the Republic of Serbia adopted a Decree which limits the retail price of protective kits during the state of emergency due to the COVID-19 disease caused by the SARS-CoV-2 virus (the “Decree“).
The Decree limits the retail prices of protective equipment – masks, for the duration of a state of emergency.
The Republic Health Insurance Fund distributes protective kits – masks for the purpose of timely and equitable supply of the market, and at the request, i.e. the purchase order, delivers at least 500,000 masks to legal entities engaged in distribution.
The Decree stipulates that the retail price for protective kits may be up to 120 dinars apiece, VAT included, and businesses that deal with the retailing of protective kits during a single sale may deliver maximum of 10 pieces of protective equipment – masks to a natural person.
Penalties ranging from 50,000 dinars to two million dinars are foreseen for non-compliance with the obligations prescribed by the Decree.
The Decree shall enter into force on 22 March 2020.