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Serbia: Deductible expenditures for cultural investments, including movies and software

Serbia: Deductible expenditures, cultural investments

The Ministry of Culture and Information adopted a new “rulebook” (as legislation is known in Serbia) on deductible expenditures for investments in the field of culture.


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The rulebook was published in the official gazette in October 2018, and relates to cultural investments—including cinematographic activities and certain types of software. The rulebook measures generally allow for a corporate income tax deduction of up to 5% of the total revenue. 

The new provisions have an effective date of 31 October 2018.


Read an October 2018 report prepared by the KPMG member firm in Serbia

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