All obligors in the Republic of Serbia are required to prepare and submit financial reports within the prescribed deadlines in accordance with the Accounting Law. These deadlines are crucial for business transparency and the timely public disclosure of financial data.
Regular annual financial reports for a fiscal year that aligns with the calendar year must be submitted to the Serbian Business Registers Agency (APR) no later than March 31st of the following year. If this date falls on a non-working day, the deadline is extended to the next business day. The Statistical Report, as well as the Statement of Inactivity for obligors who had no business transactions or recorded assets and liabilities in their accounting books during the reporting year, must also be submitted within this timeframe.
Obligors whose fiscal year does not coincide with the calendar year must submit their annual financial reports within three months from the balance sheet date. This practice ensures alignment with the specific business cycles of different companies.
Parent legal entities required to prepare consolidated annual financial reports must submit them to the APR by April 30th of the following year. This extended deadline allows time for consolidating and reconciling financial data from all subsidiary entities.
In the case of extraordinary financial reports, which are submitted in situations where changes in business operations require a special report, the submission deadline is 60 days from the balance sheet date.
It is important to note that regular and consolidated financial reports, as well as the Statement of Inactivity, can still be submitted to the APR after the official deadlines but no later than the end of the year, subject to an additional late submission fee.
In addition to financial reports, entities subject to auditing are required to submit additional documentation. The resolution on report adoption, the annual business report, and the audit report must be submitted by June 30 for regular financial reports and by July 31st for consolidated financial reports.
Given the importance of timely financial report submission, obligors are advised to monitor APR announcements and plan accordingly to meet these legal obligations. Delays can result in additional costs and business complications, making well-organized report preparation essential for all legal entities.
📢 TAX INTERNATIONAL – YOUR TRUSTED PARTNER FOR TAX & ACCOUNTING!
🔹 Looking for a reliable financial advisor? We’re here to help! Our expertise ensures smooth business operations, tax optimization, and professional administrative support.
💼 Our Services:
✔ Accounting services
✔ Tax consulting
✔ Company and business registration
✔ Payroll calculation
✔ Freelance tax management
✔ Invoice issuing and administrative support
📍 Available both online and onsite!
📞 Get in touch with us:
📱 +381 21 661 9789 | +381 61 130 1302
📧 office@taxinternational.biz
📅 Schedule a consultation –HERE!
🔗 Follow us on social media:
📸 Instagram
💼 LinkedIn
🎵 TikTok
📘 Facebook
🌍 Visit our website and explore more! 👉 to learn about our services!
🚀 Tax International – Your trusted guide in the world of finance!