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 […]
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 […]
“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 […]
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 […]
A legal entity is considered resident if it is incorporated in Serbia or managed or controlled from Serbia. Corporate tax rate is 15% Capital gains are separately taxed and tax is 15% for residents and 20% for nonresidents Dividends tax rate is 15% […]
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, […]
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 […]
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. […]
1 Jan Wed New Year’s Day 2 Jan Thu New Year Holiday 7 Jan Tue Orthodox Christmas Day 15 Feb Sat National Day 16 Feb Sun National Day Holiday 17 Feb Mon National Day Holiday 17 Apr Fri Orthodox Good Friday 20 Apr Mon Orthodox Easter Monday 1 May Fri May Day 2 May Sat […]
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 […]