Serbia applying MLI from the 1st of January 2019
Application of Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI) from 1 January 2019 to WHT in transactions between Serbian residents and the residents of Austria, Poland, Sweden, Slovenia and United Kingdom Just a quick reminder that starting from 1 January 2019 Serbia will apply the rules […]
Serbian Withholding Tax on Royalties
By entering into bilateral agreements on avoidance of double taxation, in order to properly apply all provisions in the agreement countries are trying to determine the rules on taxation of income and property, i.e. if the agreement provides taxation rights to source country or country of residence. Serbia has concluded 59 bilateral agreements on avoidance […]
Cross-border financing challenges in the Balkans – a never ending story
Cross-border transaction legislation in the region (Bosnia and Herzegovina, Croatia, Macedonia, Montenegro, Serbia) has been one of the main cause of „pain“ for the foreign investors over the past decade. Accession of Croatia to European Union (EU) and progress made in the rest of the region have made it a more favorable place of interest. […]
OECD Tax Guidelines on BEPS Actions 10 & 13: Impact on Serbian R&D Companies
Serbia is among the countries that have in general adopted standard transfer pricing methods as a mandatory part of the Corporate Profit Tax Act, among those also profit split methods. Cost sharing arrangements (CCA) is one of the approaches used within profit split methods that were commonly used by multi-national groups (MNE) to cover for […]
Benefits of using the tax residency confirmation form POR-2
Tax residency certificate is still an ambiguous proof of residency that formally allows you to use the benefits under the Double Taxation Avoidance Treaty (DTA) or apply the beneficiary tax rate under the local tax legislation (“equal treatment”). Tax residency certificate prescribed by the Serbian Tax office for residents and non-residents is set up in […]
Annual Autumn Business Breakfast
It is our pleasure to invite you to our annual Autumn Business Breakfast organised with support from Gebrüder Weiss, the German-Serbian Chamber of Commerce (AHK Serbia) and the Commercial Section of the Austrian Embassy, as well as other bilateral organisations. The presentation and panel discussion will be held by members of the our Tax team […]
New Draft of Corporate Profit Tax Law: Tax Breaks for the IT sector
Most of the measures relate to tax incentives for companies that have intellectual property registered in Serbia, as well as companies that are engaged in research and development in Serbia. The Ministry of Finance has published the Draft Law on Amendments to the Law on Corporate Income Tax. This draft has proposed several new measures […]
Official Translation of IFRS for SMEs adopted
The Minister of Finance has adopted the Decision to Establish the translation of the International Financial Reporting Standard for Small and Medium Businesses (IFRS for SMEs), published in the Official Gazette RS No. 83/18 dated October 29th 2018. A translation of the International Financial Reporting Standards for Small and Medium Businesses (IFRS for SMEs), which […]
SEE TAX GUIDELINES 2018: Your reference for Tax in SEE
OUR SEE TAX GUIDELINES HAVE BEEN CREATED WITH THE AIM OF PROVIDING LOCAL AND INTERNATIONAL BUSINESSES WITH ANSWERS TO CRUCIAL QUESTIONS REGARDING TAX REGULATIONS. Our comprehensive tax guidelines for each country in SEE address the major tax regulations applicable to businesses such as: corporate and personal income tax, social security contributions, transfer pricing, value added tax […]
SEE TAX GUIDELINES 2018: Your reference for Tax in SEE
OUR SEE TAX GUIDELINES HAVE BEEN CREATED WITH THE AIM OF PROVIDING LOCAL AND INTERNATIONAL BUSINESSES WITH ANSWERS TO CRUCIAL QUESTIONS REGARDING TAX REGULATIONS. Our comprehensive tax guidelines for each country in SEE address the major tax regulations applicable to businesses such as: corporate and personal income tax, social security contributions, transfer pricing, value added tax […]