Exemptions of the obligation to pay contributions related to the foreign founders and legal representatives

The following conditions must be fulfilled in order to exercise the right to the exemption: The foreigner must be employed in his own country and possess the proof of employment [...]

2019-09-02T12:14:57+00:00 September 2nd, 2019|

Mutual agreement procedure as per double taxation avoidance treaties

The Ministry of Finance published the Explanation regarding Mutual Agreement Procedure (“MAP”) as per Double Taxation Avoidance Treaties (“DTTs”). MAP as per DTTs is an international procedure which provides a unique application of DTTs. This procedure [...]

2019-05-29T13:30:32+00:00 May 29th, 2019|

Guidelines for Determining Beneficial Ownership of Legal Entities Adopted

On the 8th of January 2019, the Bureau for the Prevention of Money Laundering adopted the Guidelines for determining the Beneficial Ownership of the legal entities and the adjoining Guidelines for [...]

2019-05-27T11:42:18+00:00 May 27th, 2019|

Treatment of Fixed Assets under the new Corporate Profit Tax rules, amended IFRS 16 coming into force and changes in Property Tax Law – making it easier or less easy to report?

End of 2018 has brought many changes in Serbian tax landscape, making it easier to report accounting versus tax value of fixed assets for the accountants, but also causing huge [...]

2019-05-27T11:40:22+00:00 May 27th, 2019|

Cross-border financing challenges in the Balkans – a never ending story

Cross-border transaction legislation in the region (Bosnia and Herzegovina, Croatia, Macedonia, Montenegro, Serbia) has been one of the main cause of „pain“ for foreign investors over the past decade. The [...]

2019-05-27T10:31:21+00:00 May 27th, 2019|