A decree provides guidance concerning the method for paying amounts of taxes deferred because of the coronavirus (COVID-19) pandemic.
The decree was published in the official gazette on 25 December 2020 and is effective 2 January 2021.
The decree relates to business entities that elected to defer payment of taxes and contributions, as well as advanced payments of corporate income tax, and allows for payments of these deferred amounts to be made in up to 24 equal instalments. The first installment is due 10 February 2021, with the remaining installments due by the 10th day of the subsequent months.
Taxpayers that do not submit final corporate income tax returns for 2020 are not allowed to defer their payments of the tax.
The decree also provides guidance for individuals to remit individual (personal) income tax.
Read a December 2020 report prepared by the KPMG member firm in Serbia
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