Serbia: Determining the income tax for non-profit organisations in Serbia
For 2013, non-profit organisations (which use the general accounts as regular companies do) are required to submit tax balances on the PBN 1 form and their tax liability on the PDN form per the rulebook for the contents of the tax return (Official Gazette no. RS 24/14). The deadline for submission of the PBN 1 form and the PDN tax return for 2013 is July 30 2014 and the tax rate is 15%.
In regards to the payment of advance tax for 2014, starting with the advance for January 2014 and until the submission of tax return for 2013, taxpayers will pay the same amount of advance as they did for December 2013.
After the submission of the tax return for 2013, monthly advances for 2014 will be paid at a tax rate of 15% on the tax basis derived from their tax return form for 2013.
Additionally, all companies which do not generate revenues by selling goods or providing services on the Serbian market are not obligated to submit a tax return according to the opinion of the Ministry of Finance no. 430-07-281/2009-04.
In summary, non-profit organisations that have not generated revenue in 2013 are not required to submit a tax return for the fiscal year (not even an empty one).
Filip Babic (firstname.lastname@example.org)
Tel: +381 11 3241 484