News and reminders for company owners, entrepreneurs and other taxpayers

Here are a few important reminders and pieces of news that company owners, company directors, finance/accounting departments and other taxpayers should be mindful of in July:

1. Benchmark interest rate remains at the same level

At the meeting held on June 6th, the Executive Board of the National Bank of Serbia decided to keep the benchmark interest rate at 3.0%. The next meeting, at which the NBS will discuss potentially changing the benchmark interest rate, will take place on July 11th.

2. Tax Administration undergoes organizational transformation

In accordance with the Tax Administration Transformation Programme, the number of the Administration’s organizational units in Serbia has been reduced from 178 to 78. The next step is a further consolidation of the organizational units – from the existing 78 to 37 branches, which came into force on July 1st, in accordance with the deadlines stipulated in the Transformation Programme adopted by the Government of the Republic of Serbia. The list of the Tax Administration’s new organizational units can be found here.

3. Notice for non-residents

The Tax Administration informs that the Group for Non-Residents, which, up until now, operated at the Tax Administration’s branch Savski Venac in Belgrade, ceased to exist on June 28th this year. From now on, the registration of taxpayers, who are non-resident legal entities and natural persons, as well as the allocation of PIB (tax identification number) will be done only at the Tax Administration’s HQ, while the issuance of certificates of tax liabilities will be done according to the location of the branch office of the commercial bank in which the non-resident’s account is opened.

4. Tax-related e-services

A lot of time spent waiting in line, or wrongly filled out forms or doing the whole tax return filing procedure from scratch. This scenario is slowly becoming a thing of the past for the Tax Administration. Thanks to the development of digital services and the digitalization of the Tax Administration’s services, all tax returns can now be filed electronically, and there only very few of these services that still require submission of paper documentation.

5. New service – e-registration of the establishment of a multi-member LLC

As of today, the Serbian Business Registers Agency (APR) has a new electronic service – e-registration of the establishment of a multi-member limited liability company (d.o.o.) which is no available on the Agency’s website. In order to start an electronic registration, users first need to create an account in the Centralized Logging System, after which they will be given access to the Application for Completing the Form for the Establishment of a Multi-Member Limited Liability Company and the Attachment of Electronic Documents. By installing this new application called NexU, users can use their electronic signature to sign applications and documents, which is the final step in the application process. The NexU application does not apply to the police’s certificates issued before August 18th, 2014.

6. Warning from the Serbian Business Register Agency (APR)

The Business Registers Agency has warned citizens who received letters with a payment slip for “registering changes in” that the letter has nothing do with the Agency. A substantial number of people has received envelopes with payment slips asking them to pay 2,000, 3,000 and 6,000 dinars to “register the changes regarding their companies in the Privredni Register (Business Register)”.

7. All companies to register their real owners

The Business Registers Agency reminds all business entities that they have an obligation to submit information on real owners electronically, but also to regularly update the data in the Central Record System, since all changes of actual owners must be entered in the records no later than 15 days. This obligation stands for all registered business entities.

8. RULE BOOK on the form and content of the application for the registration of VAT payers, the procedure of recording and deleting from the records and the form and content of the VAT tax return

9. RULE BOOK on conditions, criteria and elements for taxation of income based on the provision of hospitality services

10. DECREE on special conditions for trading with the Autonomous Province of Kosovo and Metohija during the validity of UN Security Council Resolution 1244

11. DECREE on determining the incentive allocation criteria in order to attract direct investments in the hotel accommodation sector

12. DECREE on the special fee for the use of the public roads (toll)


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