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 […]

Law

Value Added Tax law

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Unofficial translation, just for information purposes, source:purs.gov.rs 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

Taxation in Serbia

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Corporate tax is 15%. Personal tax 10%. Contributions by an employee: 13% state pension fund 6.5% state health fund 0.5% unemployment insurance Obligatory contributions by an employer: 11% state pension fund 6.5% state health fund 0.5% unemployment insurance DOUBLE TAXATION RELIEF If a taxpayer earns profit by conducting business in another country and tax was […]

Business in Serbia

Temporary stay in Serbia

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If you plan to stay in Serbia more than 90 days, you are required to report it. Terms for issuance of authorization for temporary stay For submitting of request for approval of temporary stay it is necessary to enclose the following: valid travel document notification of flat two photographs (4 h 3 cm, colored, enface) […]

Business in Serbia

Benefits of doing business in Serbia

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LOW COST LABOUR Serbia has good education and low cost labour. FAST COMPANY REGISTRATION The business registration procedure in Serbia typically takes one day. GEOGRAPHIC POSITION Serbia connects East and West Europe, South and North Europe, has a border with EU. LIBERALIZED TRADE Trade agreements with Russian Federation, Belarus, Kazakhstan, Turkey, CEFTA (Central European Trade […]

Business in Serbia

Economy of Serbia

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Serbia takes the 43rd place on ease of doing business list (World Bank). GDP estimate • Total $44.22 billion (2017, nominal) • Per capita $6,299 (2017, nominal) $16,063 (2017 est, PPP) GDP Growth: 4.2% (2018f) Average gross salary 69,684 RSD / $690 monthly (May 2018)[ Average net salary 50,377 RSD / $498 monthly (May 2018) […]