All material subject to strictly enforced copyright laws. © 2022 ITR is part of the Euromoney Institutional Investor PLC group.

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

The Malawian government has targeted US gemstone miner Columbia Gem House, while Amgen has successfully consolidated two separate tax disputes with the Internal Revenue Service.
ITR's latest quarterly PDF is now live, leading on the rise of tax technology.
ITR is delighted to reveal all the shortlisted firms, teams, and practitioners for the 2022 Americas Tax Awards – winners to be announced on September 22
‘Care’ is the operative word as HMRC seeks to clamp down on transfer pricing breaches next year.
Tax directors tell ITR that the CRA’s clampdown on unpaid taxes on insurance premiums is causing uncertainty for businesses as they try to stay compliant.
HMRC has informed tax directors that it will impose automated assessments on online sellers with inaccurate VAT returns, in a bid to fight fraud.
UK businesses need to reset after the Upper Tribunal ruled against BlackRock over interest deductions it claimed on $4 billion in inter-company loans, say sources.
Hong Kong SAR’s incoming regime for foreign income exemptions could remove it from an EU tax watchlist but hand Singapore top spot in APAC.
Congress passed legislation with $52 billion in tax credits and other incentives on July 28 to boost production at US semiconductor companies.
This week the US Senate reached a historic compromise to secure a corporate minimum tax rate, while the UK is facing tax cuts no matter who succeeds Prime Minister Boris Johnson.
We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree