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 […]

Business in Serbia

Taxation in Serbia

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Corporate tax is 15%. Personal tax 10%. Contributions by an employee: 13% state pension fund 6.5% state health fund 0.5% unemployment insurance Obligatory contributions by an employer: 11% state pension fund 6.5% state health fund 0.5% unemployment insurance DOUBLE TAXATION RELIEF If a taxpayer earns profit by conducting business in another country and tax was […]