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Company Taxation in Serbia

By 2 July 2022October 31st, 2022No Comments

In this article, our Serbian Colleague Associate Ana Dulovic will mention corporate profit tax in Serbia and gives general views about the Taxation in Serbia.

Company Taxation in Serbia

Investing Insights: Corporate profit tax in Serbia

 

Taxation is a very important factor in the financial investment decision-making process. Companies must pay a variety of taxes. The taxes must be paid by the companies, which settled in Serbia;

  1. Corporate Profit Tax,
  2. Value Added Tax (VAT),
  3. Withholding Tax (dividends, shares in profits, royalties, interest income and capital gains),
  4. Personal Income Tax,
  5. Social Insurance Contributions,
  6. Annual Income tax
  7. Capital income and capital gains and other types of personal income.

When deciding about incorporation and investing in a foreign country, the important thing you have to consider tax rates and regulations, higher the tax rates and more rigorous regulations, bigger your tax bills are going to be.

 

Introducing Serbia as a Possible Destination for Business Incorporation and Its Corporate Profit Tax Regulations

 

Gurcan Partners provides full service during the all process of  Company Formation in Serbia and Taxation with its professional team and experience.

Please contact us.

We will back to you within 24 hours.

@: [email protected]

 

Corporate profit tax law in the Republic of Serbia is regulated by Corporate Profit Tax Law.

The current corporate profit tax rate is set to 15 %, one of the lowest in Europe. Taxpayers can be granted tax incentives for the purpose of achieving economic policy aims relating to the fostering of economic growth and development of enterprises.

According to Corporate profit tax law legal entities obliged to pay the corporate profit, a tax is legal entities set up in the form of

  • General partnership,
  • Limited partnership,
  • Limited Liability Company and
  • Joint-stock company.

The tax period is defined as the financial year and taxpayers are divided into two groups,

  1. residents and
  2. non-residents.

So far we have assisted over 400 companies. Check out our experiences.

A resident of the Republic of Serbia is considered to be legal entity founded or having its head office managed or controlled from the territory of the Republic of Serbia. A foreign company is resident if incorporated in Serbia or have real management and control in Serbia. Resident entities are taxed on their worldwide income, generated in the territory of the Republic of Serbia or abroad.

Non-resident companies are taxed only on income generated in Serbia. 

 

The corporate profit tax base is a taxable profit of a company and it is established on the basis of accounting profit seen in company fiscal balance sheet. Corporate profit tax is calculated by the taxpayer. Income statement needs to be prepared in accordance with International Financial Reporting Standards (IFRS) for non-deductible costs and non-taxable revenues. 

Serbia doesn’t have a high tax regime which makes it a great place to do business. Contact us to have the guidance of an expert and to be sure that you are following regulations and keeping your taxes to a minimum.

Contact  us: [email protected]

You can check our international team from here. We are here helping fro the taxation in Serbia with all procedures.

 

Please contact us.

We will back to you within 24 hours.

@: [email protected]

 

Check out Gurcan Journal for more articles in 13 languages.

 

To read our other articles:
  1. Company Formation in Serbia
  2. Acquiring Serbian Citizenship by Descent
  3. Company Taxation in Germany
  4. Taxation in Hungary
  5. Taxation in Turkey
  6. Buying Property in Germany
  7. Buying Property in Hungary
  8. Company Formation in Hungary
  9. Start Your Business in Serbia
  10. Company Formation in Kuwait

 

Associate Ana Dulovic

Gurcan Partners Belgrade Office

Taxation in Serbia

@: [email protected]

Gurcan Partners

 

 

All rights reserved. All rights of this article Taxation in Serbia, belong to Gurcan Partners. The author has no responsibilities from in formations of this article. This article is prepared just to inform.

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