Tax calendar, 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 June:

1. The Serbian Business Registers Agency (APR) begins ex officio implementation of the Law on Compulsory Liquidation of Companies

The Serbian Business Registers Agency has launched a forced liquidation of 7,500 companies, which met the criteria for forced liquidation prescribed by Article 546, paragraph 1, point 10 of the Companies Act, because they failed to submit annual financial reports for two consecutive years (2015 and 2016) by the end of the 2017 business year. In the following days, the Agency will continue to initiate forced liquidation proceedings, at a similar pace, in the remaining 15,500 companies that meet the criteria for initiating this procedure.

2. Tax calendar for June

June 5^th – deadline for submission of notifications on concluded show business contracts in the previous month

June 5^th – deadline for submission of the report on execution of the obligation of employment of persons with disabilities for the previous month

June 10^th – deadline for filing a tax return and payment of non-life insurance premiums for the previous month

June 10^th – deadline for filing a tax return and paying VAT for the previous month by the tax debtors referred to in Article 10 of the VAT Act

June 17^th – deadline for payment of monthly advance tax on income from self-employment for the previous month

June 17^th – deadline for payment of monthly advance payments on the revenues generated from self-employment for the previous month

June 17^th – deadline for payment of salary contributions for priests and religious officials, for domestic nationals employed abroad and for foreign pensioners for the previous month

June 17^th – deadline for filing a tax return and paying VAT for the previous month

June 17^th – deadline for payment of advance payment of corporate income tax for the previous month

June 17^th – deadline for payment of calculated excise for the period from the 16th to the end of the previous month

June 17^th – deadline for filing a tax return for excise tax calculation for the previous month

June 17^th – deadline for submission of tax returns and payment of excise on final energy consumption for the previous month

June 17^th – deadline for filing a tax return on calculated contributions for compulsory social insurance for company founders or members

June 28^th – payment of calculated excise for the period from 1st to 15th day of the month

3. Benchmark interest rate remains unchanged

The Executive Board of the National Bank of Serbia decided to keep the reference interest rate at 3.0%. In reaching such a decision, the Executive Board, first of all, had in mind the expected inflation fluctuations and relevant factors from the domestic and international environment in the following period. The inflation is fluctuating in line with the expectations of the Executive Board, namely, it has been low and stable for six consecutive years, and in March, it stood at 2.8% YoY. 

4. Regulation on the conditions, manner and procedure for exemption from customs and other taxes on import of equipment

Published in the Republic of Serbia’s Official Gazette, number 34, from May 17^th, 2019

5. Rules on conditions and management of the accounts for payment of public profit and planning of funds deposited in those accounts 

Published in the Republic of Serbia’s Official Gazette, number 16 from 26th February 2016, 49 from 31st May 2016, 107 from 29th December 2016, 46 from 12th May 2017, 114 from 20th December 2017, 36 from 10th May 2018, 44 from 8th June 2018, 104 from 28th December 2018, 14 from 6th March 2019, and 33 from 10th May, 2019.

6. Regulation on determining the criteria for allocation of incentives to attract direct investments in the hotel accommodation sector

Published in the Republic of Serbia’s Official Gazette, number 33 from 10^th May 2019