Business in Serbia

Tax benefits for big investments

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The Corporate Income Tax in Serbia (CIT) Law prescribes a special tax relief  if your company meets the following conditions: • Investment is more than 1 billion RSD (approx. 8 million EUR) in fixed assets which are used for registered business activities (investments in progress are excluded until activation) and • you hire more than […]

Business in Serbia

Ltd – limited liability company activity

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LTD has a predominant activity, which is registered in accordance with the law on registration, and it can perform all other activities that are not prohibited by law, regardless of whether they are determined by the founding act or the statute. That means, when you register one activity, you are allowed to make other activities […]

Business in Serbia

E-Taxes

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“E-Taxes portal” is a collection of electronic services of the Republic of Serbia Tax Administration, which enables all taxpayers to submit online tax application forms with digital signatures, follow up on the status of sent applications and have insight into the tax card of a taxpayer, with the purpose of faster and simpler fulfillment of […]

Business in Serbia

Double taxation

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Republic of Serbia has concluded Double Taxation Treaties with the following countries: Albania Austria Azerbaijan Belgium Belarus Bosnia and Herzegovina Bulgaria Montenegro Croatia Czech Republic Denmark Egypt Estonia Finland France Germany Greece Georgia Hong Kong Hungary India Indonesia Iran Ireland Italy Israel Armenia South Korea Canada Qatar Kazakhstan China Cyprus Kuwait Latvia Libya Lithuania Luxembourg […]

Business in Serbia

Exemption from VAT on the sale of goods intended for the personal needs of diplomatic agents, consular officials, staff members of international organizations, as well as the right of foreign nationals to refund VAT

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LAW ON VALUE ADDED TAX (“Official Gazette of RS”, No. 84/2004, 86/2004 – amended, 61/2005, 61/2007, 93/2012, 108/2013, 6/2014 – harmonized, 68/2014 – other law, 142/2014, 5/2015 – harmonized, 83/2015, 5/2016 – harmonized, 108/2016, 7/2017 – harmonized, 113/2017, 13/2018 – harmonized, 30/2018, 4/2019 – harmonized, 72/2019, 8/2020 – harmonized and 153/2020) Article 24, paragraph 1, […]

Business in Serbia

Public Holidays in Serbia in 2021

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Non-working public holidays in 2021 New Year’s Day – 1 and 2 January (Friday and Saturday) Julian Orthodox Christmas – 7 January (Thursday) Serbian Statehood Day – 15 and 16 February (Monday and Tuesday) Orthodox Easter Holidays – 30 April, 1-3 May (Friday – Monday) May Day – 1, 2, 3 and 4 May (Saturday […]

Business in Serbia

VAT in Serbia

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The Value Added Tax or VAT is an indirect, consumption tax assessed on the value added to goods and services. It applies to the production and distribution of goods and services. If the annual turnover of a company is less than 8 million dinars the company does not have to charge VAT on its sales. […]

Business in Serbia

Paid time off or personal time off (PTO)

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Paid time off or personal time off (PTO) is a business policy which provides employees to use days off and still get a salary. In each calendar year, the employee is entitled to annual leave of a minimum duration of 20 working days. Employees have right to be fully paid on public holidays more… An […]