As we step into the second month of the year, it’s time to ensure our financial affairs are in order. Understanding and meeting tax obligations is crucial for individuals and businesses alike.  Below, you’ll find a detailed table outlining key tax responsibilities for the month ahead. Let’s dive in and ensure a smooth journey towards financial success!

Value Added Tax: 

DESCRIPTION OF OBLIGATIONS

CALCULATION PERIOD

DEADLINE FOR THE OBLIGATION

RATE

BASIS 

Submission of VAT return for taxpayer who is not subject to VAT obligations

1.1.-31.1.2024.

12.2.2024.

20% general

10% specia

The deadline for submitting a VAT return and paying VAT as well as electronic recording of VAT calculations by taxpayers who are not subject to VAT obligations. The deadline is 10 days from the end of the month in which the tax obligation was incurred. Given that the tax obligation arose in January 2024, the deadline date for electronic registration, application submission, and VAT payment is February 10, 2024. The application is submitted on the VAT return form.

Electronic recording of calculated VAT

1.1.-31.1.2024.

12.2.2024.

20% general

10% special

The process involves the electronic recording of VAT return calculations for January 2024. This applies to the taxpayers referenced in Article 10 of the Law, if they are monthly VAT payers. The same process is also applicable to other VAT payers who have a monthly tax period, including the payer mentioned in Article 36a of the Law.

Submission of the VAT return or the turnover of goods and services in the calendar month

1.1.-31.1.2024.

19.2.2024.

20% general

10% special

The tax period for which VAT is calculated, a tax return is submitted, and VAT is paid, is the calendar month for the taxpayer who has achieved a total turnover greater than 50,000,000 dinars in the previous 12 months, as well as for the taxpayer from Article 36a of the Law

The deadline for submission of Form PID VAT 1 for obtaining the status of a predominant exporter for monthly taxpayers

19.2.2024.

The deadline for submitting the PID VAT 1 Form for acquiring the status of a predominant exporter for monthly taxpayers is February 19, 2024. The basis for acquiring the status of a predominant exporter is considered to be the export of goods by a VAT taxpayer whose value is greater than 50% of the total value of goods and services, or at least 10,000,000 euros, as stated in the financial report for the previous calendar year prepared in accordance with accounting regulations. If the financial reports are submitted in January 2024 for the previous calendar year, the PID VAT 1 Form is also submitted with the VAT return for January.

The earliest deadline for submitting a request for a refund of the tax credit for monthly taxpayers

20.2.2024.

The VAT payer can submit a request for a refund of the unused amount of the tax credit to the competent tax authority, if he chooses the “YES” option, the VAT refund is made to the bank account that the taxpayer specified in the application for registration of the VAT payer prescribed by the Rulebook.

 

Corporate Income Tax:

DESCRIPTION OF OBLIGATIONS

CALCULATION PERIOD

DEADLINE FOR THE OBLIGATION

RATE

BASIS

Monthly advance payment of corporate income tax

1.1.-31.1.2024.

19.2.2024.

15%

This is based on the tax return for the previous year, or the previous tax period, or based on the monthly advance payment from the last month of the previous tax period.

Submitting a tax return for a change in advance income tax

1.1.-31.1.2024.

01.3.2024.

Submission of the tax return for the adjustment of advance corporate income tax for the period from January 1 to January 31, 2024 – taxpayers who are amending the advance payment based on the tax return for the year 2023

Withholding tax

(submitted PDPO/S applications)

upon payment

Payment of withholding tax in accordance with Article 40 of the Law and submission of the PDPO/S application, including 1% withholding tax for the purchase of secondary raw materials and waste, within a deadline of 3 days from the date of payment.

Personal Income Tax:

DESCRIPTION OF OBLIGATIONS

CALCULATION PERIOD

DEADLINE FOR THE OBLIGATION

RATE

BASIS

Annual property tax according to the decision of the local self-government unit

1.1. – 31.3.2024. 

14.02.2024.

The first installment of property tax for 2024 equals the last installment for 2023