(“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 […]
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 […]
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 VAT shall be effected to a foreign taxpayer, at his request, for the turnover […]
List of countries with which the Republic of Serbia has established conditions of reciprocity for VAT Article 53 of the VAT Act prescribes the conditions under which VAT reimbursement is carried out to foreign entity and as one of the mandatory conditions listed is reciprocity. In this regard, the Tax Administration of the Republic of […]
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 […]
There are many benefits and obstacles of doing business in Serbia. In the next few lines I will try to warn and advise investors. 1. GETTING PAID BY CUSTOMERS Be careful if you deliver goods or services to Serbian “doo” company (private limited liability company). There is no guarantee your invoice will be paid. Check […]
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 […]
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) […]
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 […]
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) […]