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Serbia: Legislation revising control of foreign currency transactions

Serbia: Control of foreign currency transactions

The Serbian parliament passed legislation that revises the rules and requirements concerning foreign currency and transactions conducted with foreign currency.


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The new law was published in the official gazette on 20 April 2018, and generally is effective 28 April 2018 (except for provisions related to the transfer of competencies from the tax authority to the National Bank of Serbia, which are effective 1 January 2019). 

With the transfer of competencies, effective beginning in 2019, the National Bank of Serbia will assume competencies from the Ministry of Finance (tax authority for: 

  • Control of foreign exchange operations
  • Control of foreign currency transactions of residents and non-residents


Read a May 2018 report [PDF 161 KB] prepared by the KPMG member firm in Serbia

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