Transfer Tax in Serbia
• The rate of the transfer tax is 2.5%.
• As of 2009, sales of shares in a legal entity are no longer subject to transfer tax.
• The tax base for the transfer tax is the contractual price. The tax administration (TA) have the right to assess tax on the basis of the market value, if they determine that the contractual price is below the market price.
•The taxpayer is the seller, while the buyer is a guarantor for payment of the tax liability.
• The taxpayer is obliged to submit a tax return to the TA within 10 days from the taxable event, while payment of transfer tax is due within 15 days of the receipt of this decision from TA.