Serbia: Tax, economic relief measures (COVID-19)

Serbia: Tax, economic relief measures (COVID-19)

Tax policy measures were announced as part of plans to boost the economy in response to the coronavirus (COVID-19) pandemic.

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The proposed tax policy measures would relate to the deferral of tax payments, and would concern an obligation for repayment of deferred taxes in instalments, not earlier than beginning of fiscal year 2021.

These include proposals for:

  • Deferral of payments of salary tax and social security contributions for the private sector until beginning of fiscal year 2021 with a possibility of an additional extension. Deferred tax obligations would need to be paid over a period of not more than 24 months, in monthly instalments without any late-payment interest. 
  • Deferral of payments of advance corporate income tax for the second quarter of 2020.
  • Value added tax (VAT) exemption for donation of goods with a goal of motivating donations to institutions that are involved in implementation of measures for protection from COVID-19.

These proposed measures would apply for all companies, regardless of size or economic strength.

Read an April 2020 report prepared by the KPMG member firm in Serbia

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