A “rulebook” (as tax regulations or rules in Serbia are known) concerns the exemption from tax for employer-provided organized recreation, sports events, and activities for employees.
The rulebook (effective date of 20 July 2019) sets forth the conditions and criteria for an exemption to be granted to an employer for expenses related to:
The rulebook specifies for the first time the number of employees that must take part in such employer-provided sports events (in generally, a figure based on 70% of employees).
Read an August 2019 report prepared by the KPMG member firm in Serbia
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