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)
• you hire more than 100 new employees for an indefinite period of time during the period of investment.
The tax relief lasts for 10 years. The purchase of equipment that was previously used in Serbia is not considered an investment. The fixed
assets have to be put to use and have to be paid. In case of a reduction of assets or number of employees, the taxpayer is liable to pay the amount equal to the utilized tax incentive in previous periods, increased for the local inflation rate.