In addition to payroll tax and contributions, the Serbian Tax Administration has announced that it is delaying payment deadlines for advance payment of corporate income tax, as well as advance payments of tax and self-employment income contributions for March, April and May 2020.
In this regard, the Tax Administration informs that on May 4, 2020, it will postpone the due date for payment of corporate tax advance payment and advance payment of taxes and contributions on self-employment income for those economic entities that have opted and qualify for this option, in accordance with the Regulation on Fiscal Benefits and Direct Benefits to Business Entities.
After the end of April, that is, after the filing of PPP PD tax returns for employees, as well as for taxpayers who do not have registered employees, the Tax Administration will compile a list of business entities that will be subject to verification of compliance with the conditions for use of fiscal benefits and direct benefits, i.e. that they have not reduced the number of their employees by more than 10%, starting from March 15, 2020 until April 10, 2020, as well on the date of entry into force of the Regulation, that is, until April 30, 2020.
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Eligible business entities will receive a direct payment, as well as be allowed deferred maturity of income tax advance payments.
The said advance payments for March 2020 have been processed, but the delay of their maturity will be recorded on May 4, 2020, after their eligibility has been verified.
The maturity of corporate tax advance payments for March, April and May 2020 is deferred until the submission of the final corporate income tax return for 2020, that is, for taxpayers which business year is different to the calendar year, for the tax period that commences or ends in 2020, for income tax advance payments due on April 15, 2020, May 15, 2020 and June 15, 2020, until the filing of the final corporate income tax return for the relevant tax period.
(eKapija, 21.04.2020)
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