The Ministry of Culture and Information has adopted the new Rulebook on deductible expenditures for investments in the field of culture (hereinafter referred to as the "Rulebook") published on 19 October 2018 in the Official Gazette of the Republic of Serbia No. 78/2018, The Rulebook relates to investments in the field of culture, including cinematographic activities, deductible for corporate income tax purposes in the amount up to 5% of the total revenues in accordance with the Corporate Income Tax Law.
The Ministry of Culture and Information has adopted the new Rulebook on deductible expenditures for investments in the field of culture (hereinafter referred to as the "Rulebook") published on 19 October 2018 in the Official Gazette of the Republic of Serbia No. 78/2018, The Rulebook relates to investments in the field of culture, including cinematographic activities, deductible for corporate income tax purposes in the amount up to 5% of the total revenues in accordance with the Corporate Income Tax Law.
The new Rulebook enters into force on 31 October 2018, while the previous Rulebook adopted in 2002 ceases to apply.
The new Rulebook prescribes the following:
In line with the above, investments in the field of culture are tax deductible in accordance with the new Rulebook if they enable:
KPMG team is at your disposal for any questions you may have with regard to above amendments.
KPMG Tax & Legal Department
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Belgrade, Serbia
Office: +381 11 20 50 500
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