Global

Details

  • Service: Tax, International Corporate Tax, Global Transfer Pricing Services, Global Compliance Management Services
  • Type: Regulatory update
  • Date: 12/22/2012

Serbia - Changes to corporate tax rate, incentives, other measures 

December 22:   Changes to the tax laws in Serbia were passed by the Serbian Parliament in December 2012 and are effective either beginning 25 December 2012 or 1 January 2013.

The changes include:


  • An increase in the corporate income tax rate, to 15% from 10%
  • The due date for submitting 2012 returns is 11 March 2013 (i.e., within 180 days after the end of the period for which the tax liability is determined)
  • The repeal of certain tax incentives
  • The introduction of special rules for taxing payments of dividends, interest, authorship fees, service fees, etc., made to companies located in jurisdictions having a preferential tax system
  • Revision of the transfer pricing rules

Read a December 2012 report [PDF 181 KB] prepared by the KPMG member firm in Serbia: Amendments to the Corporate Income Tax Law adopted


The Serbian Parliament also passed a law on the conditional write-off of interest and “dormant” tax debt.


Read a December 2012 report [PDF 240 KB] prepared by the KPMG member firm in Serbia: Adopted Law on Conditional Write-off of Interest and Dormant Tax Debt




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