Serbia: Decree on conditions required for deferment of tax debt payment
International Tax Review is part of the Delinian Group, Delinian Limited, 4 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 00954730
Copyright © Delinian Limited and its affiliated companies 2024

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

Serbia: Decree on conditions required for deferment of tax debt payment

babic.jpg

Filip Babic

The government of Republic of Serbia has issued a decree detailing the conditions under which a deferment of tax debt payment may be requested by taxpayers. The decree has been published in Official Gazette no.183 on December 6 2013 and is effective as of December 14 2013. The decree prescribes detailed conditions as related to article 73, paragraph 1 of the Law on Tax Procedure and Tax Administration, which stipulates the conditions under which a taxpayer can delay the payment of tax debt.

The payment of debt towards the tax authorities can be delayed by the taxpayer if the debt amount is lower than:

  • For physical persons: 10% of the tax revenue for the year preceding the year when the taxpayer submits a request for deferment;

  • For entrepreneurs and small entities: 5% of the total annual income reported in the last financial statement; and

  • For medium and large enterprises: 5% of the working capital reported in the last financial statement.

The request to delay tax payment has to be submitted by the taxpayer to the competent tax office. In addition to the request for deferment of tax payment, the taxpayer is also liable to submitting proof of fulfilling the conditions required to delay payment (defined above) and collaterals.

Filip Babic (filip.babic@eurofast.eu)

Eurofast Global, Belgrade Office

Tel: +381 11 3241 484

Website: www.eurofast.eu

more across site & bottom lb ros

More from across our site

EMEA research now open
Luis Coronado suggests companies should embrace technology to assist with TP data reporting, as the ‘big four’ firm unveils a TP survey of over 1,000 professionals
The proposed matrix will help revenue officers track intra-company transactions from multinationals
The full list of finalists has been revealed and the winners will be presented on June 20 at the Metropolitan Club in New York
The ‘big four’ firm has threatened to legally pursue those behind the letter, which has been circulating on social media
The guidelines have been established in the wake of multiple tax scandals and controversies that have rocked the accounting profession
KPMG Netherlands’ former head of assurance also received a permanent bar and $150,000 fine; in other news, asset management firm BlackRock lost a $13.5bn UK tax appeal
The new, fully integrated office will also offer M&A, dispute resolution, IP and corporate tax services
The new guidance concerns a recent 1% excise tax on the repurchases of corporate stock for both US and certain foreign companies
Interpath has hired a managing partner from rival accounting firm BDO to lead the new operation
Gift this article