close
Share with your friends

Serbia: Expanded relief benefits and direct aid to businesses (COVID-19)

Serbia: Expanded relief benefits and direct aid

The government has granted additional relief benefits and direct aid to business entities affected by the coronavirus (COVID-19) pandemic.

1000

Related content

A release (published in the official gazette on 31 July 2020) sets out the eligibility criteria for the additional relief. Businesses that are eligible for the relief benefits and direct aid include:

  • Business entities (entrepreneurs, micro, small, medium and large entities, as well as branch offices and representative offices) that have qualified and received a direct aid pursuant to a July 2020 decree
  • Business entities that could have qualified but did not apply for the initial relief or that registered after the deadline for application for the initial set of measures (15 March 2020) but no later than 20 July 2020 are also eligible for the additional relief benefits

Businesses that are not eligible for the extended relief benefits and direct aid include:

  • Entities that have downsized their labor force by more than 10% during the period from 15 March 2020 to 10 April 2020
  • Users of public funds covered by the “list of beneficiaries of public funds” as of 24 April 2020
  • Entrepreneurs that registered a temporary cessation of business activity before 15 March 2020
  • Banks, insurance and reinsurance companies, voluntary pension funds, financial leasing providers, payment institutions and electronic money institutions
  • Legal entities that lost the right to relief benefits because of their failure to maintain conditions as prescribed by the decree (such as the prohibition against dividend payments, or downsizing the labor force by more than 10%)


Read an August 2020 report [PDF 374 KB] prepared by the KPMG member firm in Serbia

The KPMG logo and name are trademarks of KPMG International. KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.

Connect with us

 

Want to do business with KPMG?

 

loading image Request for proposal