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Three new VAT rulebooks in Serbia on the place of delivery of services from 1st April 2017

Three new VAT rulebooks in Serbia on the place of delivery of services from 1st April 2017

Belgrade, 12.04.2017.

Minister of Finance of Serbia adopted three new rulebooks regulating place of delivery of services in the terms of VAT Law: in connection with real estate, the sale of food and drinks for consumption on-site and rental of vehicles services. Rulebooks are in accordance with amendments on VAT Law, whose goal is harmonization with EU VAT regulations.

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Threshold for annual personal income tax for 2016 in Serbia is 2.285.064 Dinars

Threshold for annual personal income tax for 2016 in Serbia is 2.285.064 Dinars

Belgrade, 17.02.2017.

Deadline to submit annual personal income tax return for 2016 is 15 May 2017.

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From January 1st 2017, four double tax treaties signed by Serbia are effective: with Republic of Korea, Armenia, Kazakhstan and Luxemburg

From January 1st 2017, four double tax treaties signed by Serbia are effective: with Republic of Korea, Armenia, Kazakhstan and Luxemburg

Belgrade, 12.01.2017.

Agreements for the avoidance of double taxation with respect to taxes on income and on capital signed by Serbia and 4 countries (Republic of Korea, Armenia, Kazakhstan and Luxembourg) are effective from 1st January 2017.

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Amendments to three Serbian tax laws adopted - VAT, excise tax, tax procedure

Amendments to three Serbian tax laws adopted - VAT, excise tax, tax procedure

Belgrade, 02.01.2017.

The National Assembly of the Republic of Serbia on 28th December 2016 adopted the amendments to three tax laws: Law on Value Added Tax, Excise Law and the Law on Tax Procedure and Tax Administration.

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Serbia advanced for 7 positions on the World’s Bank Doing Business

Serbia advanced for 7 positions on the World’s Bank Doing Business

Belgrade, 28.11.2016.

Serbia has moved up for 7 positions, from 54th to 47th, on the World’s Bank Doing Business list for 2017. The greatest progress was made in the field of Construction permits, by as much as 117 positions.

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One-stop business registration system is fully implemented in practice in Serbia – Company formation in just 24h

One-stop business registration system is fully implemented in practice in Serbia – Company formation in just 24h

Belgrade, 18.08.2016.

Serbian Business Registers Agency (SBRA) issued on 15 August 2016 press release stating that thanks to the advancement one-stop system of registration, company formation and issuance of Tax Identification Number (TIN) time is shortened to a maximum of 24 hours.

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Incentives to investors who produce audiovisual works in Serbia

Incentives to investors who produce audiovisual works in Serbia

Belgrade, 02.05.2016.

Public call for incentives to film industry.

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Deadline for the submission of the annual personal income tax return for 2015 in Serbia is 16th May 2016

Deadline for the submission of the annual personal income tax return for 2015 in Serbia is 16th May 2016

Belgrade, 11.04.2016.

Annual personal income tax is paid by natural persons which had annual income higher than 2,201,220 RSD in 2015.

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Withholding tax of 20% on income from services from 1 March 2016 in Serbia

Withholding tax of 20% on income from services from 1 March 2016 in Serbia

Belgrade, 20.03.2016.

Withholding tax at the rate of 20% is calculated and payable on income derived by non-resident legal entity from a resident entity in Serbia on the basis of fees from services provided or used, or to be provided or used in the territory of Serbia.

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Non-taxable part of per-diems for business trips aboard significantly decreased in Serbia

Non-taxable part of per-diems for business trips aboard significantly decreased in Serbia

Belgrade, 08.10.2015.

Starting from 14 October 2015 non-taxable part of per-diems for business trips aboard is determined at fixed amount of 15 EUR for each foreign country.

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Ten rulebooks on the application of the VAT Law in Serbia published

Ten rulebooks on the application of the VAT Law in Serbia published

Belgrade, 03.11.2015.

Minister of the Finance of the Republic of Serbia adopted ten regulations on the application of the VAT Law, which were published in the "Off. Gazette of RS" no. 86/2015 from 14.10.2015.

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Registration of foreign persons for VAT in Serbia

Registration of foreign persons for VAT in Serbia

Belgrade, 20.10.2015.

Ministry of Finance of Republic of Serbia has adopted Rulebook of procedure of approval of tax representative for VAT, which is in force from 06 October 2015.

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Amendments to the Law on Excise Taxes in Serbia - excise tax on electricity introduced

Amendments to the Law on Excise Taxes in Serbia - excise tax on electricity introduced

Belgrade, 30.07.2015.

Starting from 3 July 2015, the Amendments on Law on Excise Tax expanded the scope of excise tax on electricity.

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From 1st April 2015 CIT and annual personal income tax return submission only electronically in Serbia

From 1st April 2015 CIT and annual personal income tax return submission only electronically in Serbia

Belgrade, 09.04.2015.

Tax return for corporate income tax and annual personal income starting from 01.04.2015 are submitted only electronically via e-portal of Tax Administration of Republic of Serbia.

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Rulebook on arms reach interest for 2014 corporate income tax in Serbia adopted

Rulebook on arms reach interest for 2014 corporate income tax in Serbia adopted

Belgrade, 07.03.2015.

The Minister of Finance has issued Rulebook on arms reach interest for 2014 which is published „Official Gazette RS“, no. 23/2015, from 2 March 2015.

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Construction permits in Serbia to be obtained in 28 days starting from 1st March 2015

Construction permits in Serbia to be obtained in 28 days starting from 1st March 2015

Belgrade, 02.03.2015.

Adoption of all 28 bylaws, pursuant to the Law on Planning and Construction, will allow the construction permits to be issued within 28 days starting from 1st March 2015, instead of 240 days, as the previous average was.

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Adoption of the Law on flat rate tonnage taxation systems (tonnage tax) announced

Adoption of the Law on flat rate tonnage taxation systems (tonnage tax) announced

Belgrade, 22.09.2014.

Draft Strategy for Development of Water Transport of the Republic of Serbia from 2015 until 2025 announced the adoption of Law on flat rate tonnage taxation systems in the first quarter of 2015.

 

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Reform of labour legislation in Serbia:  Labour Law changes adopted

Reform of labour legislation in Serbia: Labour Law changes adopted

Belgrade, 21.08.2014.

National Assembly of the Republic of Serbia has adopted the Law on Amendments to the Labour Law on its session from July 18th 2014. These amendments significantly change labour law, harmonizing it with EU law, allowing higher employment and investments and bringing more flexible labour law institutes.

 

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Proposed changes of laws in Serbia: Refunds of paid tax and contributions for new employees from 65% to 75%

Proposed changes of laws in Serbia: Refunds of paid tax and contributions for new employees from 65% to 75%

Belgrade, 15.05.2014.

It was suggested that an employer in Serbia who hires a new employees is entitled to a refund of part of the paid personal income tax (PIT) and social security contributions (SSC) for newly employed employees in the amount of 65 % to 75 % in the  period from 01.06.2014 till 30.06.2016.

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Changes of Serbian tax laws adopted

Changes of Serbian tax laws adopted

Belgrade, 10.01.2014.

National Assembly of the Republic of Serbia has adopted amendments to the six tax laws: corporate income tax, VAT, contributions, income taxes, tax procedure and tax administration, budget system.

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Countries with which Serbia has established conditions of reciprocity in VAT reimbursements

Countries with which Serbia has established conditions of reciprocity in VAT reimbursements

Belgrade, 13.08.2013.

List of countries: Netherlands, Slovakia, Croatia, Denmark, Austria, Bosnia and Herzegovina, Belgium, Montenegro, Macedonia, Slovenia, Germany.

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Amendments to the six tax laws adopted

Amendments to the six tax laws adopted

Belgrade, 01.06.2013.

Amendments of 6 tax laws came into force on 30 May 2013. The amended laws regulate personal income tax, property tax, corporate income tax, tax procedures, mandatory social insurance contributions and excise taxes.

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The official opinions of the Ministry of finance will become legally binding

The official opinions of the Ministry of finance will become legally binding

Belgrade, 02.05.2013.

Amendments to the Law on Tax Procedure prescribes mandatory application of opinions, explanations, instructions and directions given by the Minister of Finance in the procedures of Tax Administration.

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Grants to innovative fast-growing companies

Grants to innovative fast-growing companies

Belgrade, 08.04.2013.

Public call for grants under the Program of supports of innovative fast-growing companies is opened till 7 May 2013.

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Support of IT sector in Serbia announced

Support of IT sector in Serbia announced

Belgrade, 12.02.2013.

The website of the Ministry of Finance and Economy of Serbia published a working paper on incentives and support for the software industry and IT services in Serbia in four segments: start-up, outsourcing, development and export of original software products, development of centers of large multinational companies.

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Reimbursement of VAT to the foreign taxpayer in Serbia

Reimbursement of VAT to the foreign taxpayer in Serbia

Belgrade, 31.01.2013.

The latest amendments to the VAT Law, significantly broadens the scope of VAT reimbursement to foreign taxpayers in Serbia.

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List of  51 jurisdictions with a preferential tax regime – withholding tax of 25%

List of 51 jurisdictions with a preferential tax regime – withholding tax of 25%

Belgrade, 26.12.2012.

Minister of Finance and Economy of Serbia has adopted Rulebook on the list of jurisdictions with a preferential tax regime (Rulebook).

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Rulebook for discount of paid excise tax for oil products for transportation, heating...

Rulebook for discount of paid excise tax for oil products for transportation, heating...

Belgrade, 27.11.2012.

Minister of Finance and Economy has adopted the Rulebook on terms, conditions, manner and procedure for exercising the right to dicount (Serbian: „refakcija“) the excise tax on petroleum products under Article 9 Paragraph 1 item. 3), 5) and 6) of the Excise, which are used for transportation purposes, for freight transport in the inner river for agricultural purposes, for heating and industrial purposes (Rulebook), which was published in "Fig. Gazette of RS "no. 112/2012 of 27.11.2012.

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Draft laws for fiscal consolidation of Serbia

Draft laws for fiscal consolidation of Serbia

Belgrade, 18.11.2012.

The Serbian government at its session on 16.11.2012 adopted a set of draft laws aimed at fiscal consolidation of Serbia. The most important draft laws are Law on conditional write-off of interest and tax debt and the Law on the terms of settlement of financial obligations in commercial transactions.

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Amendments of the Rulebook of excise warehouses

Amendments of the Rulebook of excise warehouses

Belgrade, 17.10.2012.

Amendments to the Rulebook provide that the excise license can be obtained for manufacturing plant, as well as the space that was previously registered as a customs warehouse.

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Draft amendments to the Law on Corporate Income Tax – For tax havens withholding tax up to 47%

Draft amendments to the Law on Corporate Income Tax – For tax havens withholding tax up to 47%

Belgrade, 16.10.2012.

Ministry of Finance and Economy of the Republic of Serbia published on its website a Draft Law on Amendments to the Law on corporate income tax Law.

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Changes of VAT Law in Serbia

Changes of VAT Law in Serbia

Belgrade, 10.10.2012.

Law on Amendments to the Law on Value Added Tax ("Fig. Gazette" no. 93/2012), adopted by the National Assembly of the Republic of Serbia at the session of the Ninth Extraordinary Session in 2012, on 25 September 2012 is implemented from 01.01.2013, while the part of provisions are applicable from 01.10.2012 (the higher general VAT rate).

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No customs duty on the import of 20,000 tones of sunflower seed oil till 06.04.2013

No customs duty on the import of 20,000 tones of sunflower seed oil till 06.04.2013

Belgrade, 06.10.2012.

The Government of the Republic of Serbia has adopted a decision on exempting certain goods from customs duties no. 483-6639/2012 (Decision), which provides exemption from import customs duty for 20,000 tons of sunflower oil from CN code 1512 19 90 00 of Customs Tariff.

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138 Para-fiscal levies and taxes abolished

138 Para-fiscal levies and taxes abolished

Belgrade, 01.10.2012.

The National Assembly of the Republic of Serbia adopted a package of laws that abolished the 138 fees and para-fiscal levies.

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Proposed abolition of forestry fee – 0.025% of annual revenue

Proposed abolition of forestry fee – 0.025% of annual revenue

Belgrade, 14.09.2012.

The Serbian Government has adopted a Draft law amending the Law on Forests, which provides the abolition of fees on forests (so called in Serbian “Šumarina”), or compensation for the protection, use and improvement of forest management functions of forests, which is paid by all legal entities in the Republic of Serbia at the rate of 0.025% on the base which is the total annual income of legal entity.

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Abolished the cash registers for sole proprietors with lump sum taxation

Abolished the cash registers for sole proprietors with lump sum taxation

Belgrade, 24.08.2012.

From the 1. September 2012 there is no obligation to record turnover through the cash registers for the sole proprietor with lump sum taxation, in 35 groups of business activities.

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Transfer of functional units is not considered as VAT delivery

Transfer of functional units is not considered as VAT delivery

Belgrade, 06.08.2012.

Minister of Finance has adopted Regulation amending Regulation on establishing the transfer of entire or a part of assets, with or without compensation, or as an investment, which is not considered a supply of goods and services according to the Law on Value Added Tax (Amendment Regulation).

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From 5 August 2012 excise tax on petroleum products increased by 1.5 dinars per liter

From 5 August 2012 excise tax on petroleum products increased by 1.5 dinars per liter

Belgrade, 05.08.2012.

From 5 August 2012 the excise tax on petroleum products - gasoline and diesel fuel increased by 1.5 dinars per liter in Serbia.

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Extended application deadline for grant funds for direct investment

Extended application deadline for grant funds for direct investment

Belgrade, 18.07.2012.

The deadline for entries for grant funds for direct investmen has been extended for 14 days, from 20 July to 03 August 2012.

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Key Policy Rate Raised to 10.25 Percent

Key Policy Rate Raised to 10.25 Percent

Belgrade, 17.07.2012.

From 12.07.2012 on the unduly paid taxes annual interest are paid at a rate of 20.25%.

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Announced the abolition of parafiscal and local taxes and changes of VAT calculation for SMEs in Serbia

Announced the abolition of parafiscal and local taxes and changes of VAT calculation for SMEs in Serbia

Belgrade, 11.07.2012.

The future ruling coalition SPS-SNS-URS on 10.07.2012. signed a Coalition Agreement in order to form the new Government of the Republic of Serbia.

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Amended Rulebook on calculation and payment of excise taxes

Amended Rulebook on calculation and payment of excise taxes

Belgrade, 06.07.2012.

Minister of Finance on 21.06.2012. adopted the Rulebook of amending the Rulebook on the method of calculation and payment of excise duty, the nature, content and manner of keeping records, providing data and the calculation of excise tax preparation (Rulebook), which was published in "Off. Gazette of RS", no. 63/2012 of 29.06.2012.

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Banks’ duties in respect of payment of salaries from 1 July 2012

Banks’ duties in respect of payment of salaries from 1 July 2012

Belgrade, 20.06.2012.

As of 1 July 2012, the banks which realize payment of wages and salaries, including the agreed compensation for temporary and occasional jobs, have to deliver information on completed payments of wages/salaries (in the form of electronic records) to the Tax Administration by the end of the day orders for these payments are executed.

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Registration of immovable property without proof of paid transfer tax or inheritance and gift tax

Registration of immovable property without proof of paid transfer tax or inheritance and gift tax

Belgrade, 14.06.2012.

Pursuant to the Decision of Constitutional Court on the unconstitutionality of art. 38a of the Law on Property Taxes, from 8 June 2012 the registration of the immovable property is made without submission of proof of paid transfer tax, or inheritance and gift tax.

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Republic administrative taxes increased by 3.4%

Republic administrative taxes increased by 3.4%

Belgrade, 05.06.2012.

The Government of the Republic of Serbia at its session held on 29 May 2011 adopted the Harmonized Tariff of republic administrative taxes, which were published in "Off. Gazette of RS " no. 55/2012 of 01.06.2012.

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Fiscal Council proposes tax reform - VAT 22%?

Fiscal Council proposes tax reform - VAT 22%?

Belgrade, 01.06.2012.

Fiscal Council, an independent professional institution established by the Serbian Government, in its Proposal for Harmonizing Different Methodologies of Public Debt Coverage and Measurement in Serbia 2012-2016 proposed the tax reform to reduce the budget deficit.

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Excise tax imposed on fuel oil

Excise tax imposed on fuel oil

Belgrade, 25.05.2012.

From 25 May 2012 the excise tax in amount of 57.07 din/kg is imposed on the fuel oil extra light (EL) and fuel oil extra light euro.

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Regulation of payment of contributions for the priests and religious officials

Regulation of payment of contributions for the priests and religious officials

Belgrade, 03.05.2012.

The Serbian Government on Session held on 03 May 2012 adopted a Regulation on the payment of contributions for pension and disability and health insurance for the priests and religious officials.

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Reduced excise duty on oil derivatives by 1.5 RSD per liter

Reduced excise duty on oil derivatives by 1.5 RSD per liter

Belgrade, 30.04.2012.

The Serbian government has adopted a Decision on the temporary reduction of the amount of excise tax on oil derivatives from Art. 9 st. 1 t. 1 and 3 of the Law on Excise Tax ("Official Gazette of RS" no. 22/2001, ..., 6/2012) because of the increasing price of crude oil on world markets.

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Bill on the write-off of certain taxes and contributions

Bill on the write-off of certain taxes and contributions

Belgrade, 05.04.2012.

The Serbian government has proposed a law regulating the write-off of accrued and unpaid interest on certain taxes and contributions that are due for payment by 31 December 2011.

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The possibility of submitting VAT returns electronically

The possibility of submitting VAT returns electronically

Belgrade, 30.03.2012.

On 30 March 2012 Tax Administration of the Republic of Serbia on its website issued a Statement that informs the public that from 01 April 2012, all VAT taxpayers, are allowed the electronic submission of VAT returns via the Internet portal of the Tax Administration of the Republic of Serbia.

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Proposed amendments to the Law on Personal Income Tax

Proposed amendments to the Law on Personal Income Tax

Belgrade, 30.03.2012.

The draft law provides increase of non-taxable income from 7,822 RSD to 10,000 RSD.

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The draft Law on Accounting in Serbia

The draft Law on Accounting in Serbia

Belgrade, 22.11.2011.

Ministry of Finance on its website has released Draft Law on Accounting (Draft). The most important changes in the Draft, in respect of taxation, is introduction of supervision of accounting activities of legal entities and entrepreneurs (Supervision) which are to be performed by the Tax Administration.

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