A hot topic in both the tax and IT industries in Serbia is the announcement that the amendments to the Personal Income Tax Act will be adopted. Amendments to the law will change the tax treatment of hiring entrepreneurs instead of employees - this will be considered to be income outside of employment, which is less favorable. For employers who hire qualified new employees (including entrepreneurs who were not employed during 2019), tax incentives will be introduced for a transitional period of three years (starting from 1 January 2020).
The tax return is submitted electronically or in paper form. The tax is paid according to the decision of the Tax Administration within 15 days from the date of receipt of the decision.
At the session held in December 2018, the Serbian Parliament adopted amendments to the tax laws which regulate the following areas: personal income tax, corporate income tax, social security contributions, taxation and tax administration, property tax, republic administrative fees.
After the introduction of registration of entrepreneurs via Internet on 1st January 2018, the Serbian Business Registers Agency (SBRA) of Republic of Serbia has also enabled e-registration of a single limited liability company (LLC) from 17th October 2018.
Starting from 27th August 2018, notification of separate business units and warehouses is available through electronic system of Tax Administration of Serbia via form PEP-IPJ.
The new Law on financial support to the family with children came into force on 1 July 2018 and brought numerous changes in the area it regulates, in terms of relaxing the administrative procedures of employer.
National Assembly of the Republic of Serbia has adopted amendments of set of tax laws at its session on 14 December 2017.
On December 12, 2017 the Minister of Finance and the Minister of Trade, Tourism and Telecommunications of the Republic of Serbia issued the Explanation regarding the issuing and recording of invoices in paper and electronic form without stamp and signature number 401-00-4169/2017-16.