Business profit, the goal of every business endeavor and the financial "fuel" of your company, receives special attention at the end of the fiscal year, when accounts are reconciled and financial statements are prepared. During this period, entrepreneurs often compare...
The deadline for submitting the application for the Environmental Protection and Enhancement Fee for the year 2025 is April 30, 2025. Applications must be submitted electronically via Form 1 on the Local Tax Administration portal: www.lpa.gov.rs. Taxpayers are...
Citizens of the Republic of Serbia who earned a total annual income exceeding RSD 4,874,508 in 2024 are subject to the annual personal income tax for that year (commonly referred to as the "extra income tax"). Individuals whose total income in 2024 is below this...
Beginning January 1, 2026, a phased introduction of the electronic delivery note (e-Delivery Note) system will commence. Participants in the system will include: Public sector entities Private sector entities (defined as VAT-registered entrepreneurs and companies, as...
The Chamber of Commerce and Industry of Serbia has adopted a Decision on the Amount, Method, and Deadlines for Payment of the Unified Membership Fee and Financing of the Chamber of Commerce of Serbia for the Year 2025. This Decision was published in the Official...
One of the most common year-end HR and accounting topics is the distribution of New Year and Christmas gift packages to employees’ children. This article explains when such gifts are tax-exempt, what the legal conditions are, what the non-taxable threshold is, and...
The topic of archiving business documentation came into focus in 2020, when the new Law on Archival Materials and Archival Activities was adopted. This Law introduced new obligations for the business sector related to sorting, storing, and destroying paper...
Yes – foreign citizens can register a company in Republic of Serbia, without any specific limitation. The most common type of business entity that has limited liability in Serbia is limited liability company (in Serbian: društvo ograničene odgovornosti). Company...
A large number of documents are created during the company operation. Certain documents are created by the company or entrepreneur itself, while others come from outside - from suppliers, customers, commercial banks, accountants, and government authorities. During the...
The employer can pay the employee an aid upon emploee's child birth, if such a gift was defined in Labor Rulebook or employment contract. This possibility is regulated by Article 120 of the Labor Law of Republic of Serbia. This is an option, not an obligation for...
Government of Republic of Serbia decided new minimal wage to be 271 dinars of net salary per hour starting from 1st January 2024. Employers who are paying less than this are obliged to offer an increase to their employees and annex the labor contracts for 2024....
One of the common year-end topics concerns holiday gift packages for employees’ children. In certain circumstances, such gifts are tax-exempt, so below we outline the relevant rules, as well as the documentation required to properly support this transaction. The...
Upwork is an online platform that connects skilled professionals with employers in need of those skills. The demand is created by individuals and legal business entities — clients, while the work is usually supplied by individuals who can perform the required tasks....
Future entrepreneurs frequently wonder about the basic tax liabilities that will arise when they start operating. In this post, we’ll go over the relevant fees that apply to entrepreneurs who do their bookkeeping and pay themselves a salary. This analysis will focus...
You’re probably aware that you’re entitled to lump-sum taxation on an annual turnover of 6 million dinars or less. This limit is stated in the Individual Income Tax Law. A question that frequently comes up in light of this is what happens when an entrepreneur exceeds...
Employers may choose to pay for their employees' voluntary (private) health insurance. This is not a requirement but a benefit, so it’s not compulsory. Paying voluntary (private) health insurance premiums does not exempt the employer from their obligations to...
The Law on the Centralized Records of Beneficial Owners was passed in the spring of 2018 and came into force on June 8, 2018. The law concerns the beneficial ownership of legal business entities and the obligation to document and register information about said...
Within the Serbian tax system, tax liabilities are created when you generate revenue. For this reason, most business owners are surprised when we mention tax obligations that may arise when paying for services provided by a foreign company or an individual. If you...