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Serbia: Financial assistance for employees, business entities (COVID-19)

Serbia: Financial assistance for employees

Serbia’s government issued guidance concerning financial support being made available for employees (and their employers) and for business entities in response to the coronavirus (COVID-19) pandemic.

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  • Amendments to a decree providing fiscal benefits concern a reduction of the number of employees who qualify for direct aid; provide that only employees who are on “forced leave” for at least 15 business days in April and in May 2020 are eligible for this direct aid; provide that funds received as direct aid must be distributed to employees no later than 15 August 2020; impose an additional requirement under the moratorium on dividends payment to include any payments made by a legal entity to its owners when the payment is based on ownership of shares or ownership stake in the entity; and provide entities that have been “delisted” from the list of public funds users by 24 April 2020 are eligible for benefits. Read an April 2020 report prepared by the KPMG member firm in Serbia

  • A decree establishes a program that is intended to regulate conditions for approval of loans aimed at maintaining liquidity and working capital for business entities in response to financial conditions caused by COVID-19. Read an April 2020 report prepared by the KPMG member firm in Serbia

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