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 […]

Law

Reimbursement of VAT

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INSTRUCTION regarding implementation of Article 53 of the Law on Value Added Tax   Reimbursement of VAT to foreign taxpayer is regulated by the provisions of Article 53 of the Law on Value Added Tax (“Official Gazette of RS” no. 84/04, 86/04, 61/05, 61/07, 93/12, 108/13, 68 / 14, 142/14, 83/15), which reads: Reimbursement of […]

Law

Value added tax law

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  Unofficial translation, just for information purposes RS Official Gazette, 84/2004, 86/2004, 61/2005, 61/2007, 93/12, 108/13, 68/14, 142/14, 83/15, 108/16 VALUE ADDED TAX LAW I. INTRODUCTORY PROVISIONS Article 1 This Law shall introduce the value added tax (hereinafter: VAT) in the Republic of Serbia (hereinafter: the Republic). The VAT shall mean a general consumption tax […]

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 […]

Law

Sick pay rights

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An employee can start sickness absence at any time. There is no minimum period of service. An employer should ask for proof of sickness. A company pays the first 30 days of absence. An employee is entitled to compensation for earnings during absence from work due to temporary work-up of up to 30 days in […]

Law

Regulation on conditions and method of attracting direct investments

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(“Off. Herald of RS”, No. 37/2018) I. INTRODUCTORY PROVISIONS Scope of Regulation Article 1 This Regulation shall in more detail regulate criteria, conditions and method of attracting direct investments, maintaining records on approved incentives, as well as other issues of significance for attracting direct investments. Terms Article 2 The terms used in this Regulation shall […]

Law

Law on tax procedure and tax administration

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RS Official Gazette, No. 80, dated November 26, 2002, No 84 dated December 5, 2002 – correction, No 23, dated March 13, 2003 – correction, No 70, dated July 10, 2003, No 55, dated May 21, 2004, No 61, dated July 18, 2005, No 85, dated October 6, 2005 – other law, No 62, dated […]