Foreign Payment System Codes

When sending or receiving money from abroad, whether you’re purchasing goods, paying for services, or making investments, it’s important to use the correct payment code. These codes help banks properly process transactions and ensure accurate records.

Common Codes for Foreign Transactions

  • 112 – Payment for Goods from Abroad (import and export).
  • 160 – Dividend Payments (profits paid to shareholders and company owners).
  • 245 – Telecommunications (international phone and internet services).
  • 251 – Freight Payment (road transport).

Payments for Services and Consulting

  • 302 – IT Services (software purchases, licensing, IT support).
  • 305 – Consulting Services (business consulting, legal and financial advisory).
  • 340 – Business Travel Expenses (airline tickets, hotel accommodations, per diems).

Payments for Intellectual Property and Investments

  • 412 – Licenses and Copyrights (software, music, movies, patents).
  • 560 – Capital Contributions (additional investments in a company without changing the capital).
  • 895 – Tourism Services (hotels, travel packages, tour guides).

Using the correct payment codes ensures faster and more secure processing of payments. Before making an international payment, check with your bank about the appropriate code to use.

For more information about foreign transactions and valid codes, visit the National Bank of Serbia: nbs.rs.

Tax International offers the following services:

Accounting services
Tax consulting
Company and business registration
Payroll calculation
Freelance tax calculation
Issuing invoices and similar administrative tasks

We provide both online and onsite services.

+381216619789 +381611301302 office@taxinternational.biz

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For all our clients, consultations regarding reimbursement of employee expenses are completely free.

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