Serbia: Decree on conditions required for deferment of tax debt payment

International Tax Review is part of Legal Benchmarking Limited, 4 Bouverie Street, London, EC4Y 8AX

Copyright © Legal Benchmarking Limited and its affiliated companies 2024

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

Serbia: Decree on conditions required for deferment of tax debt payment

babic.jpg

Filip Babic

The government of Republic of Serbia has issued a decree detailing the conditions under which a deferment of tax debt payment may be requested by taxpayers. The decree has been published in Official Gazette no.183 on December 6 2013 and is effective as of December 14 2013. The decree prescribes detailed conditions as related to article 73, paragraph 1 of the Law on Tax Procedure and Tax Administration, which stipulates the conditions under which a taxpayer can delay the payment of tax debt.

The payment of debt towards the tax authorities can be delayed by the taxpayer if the debt amount is lower than:

  • For physical persons: 10% of the tax revenue for the year preceding the year when the taxpayer submits a request for deferment;

  • For entrepreneurs and small entities: 5% of the total annual income reported in the last financial statement; and

  • For medium and large enterprises: 5% of the working capital reported in the last financial statement.

The request to delay tax payment has to be submitted by the taxpayer to the competent tax office. In addition to the request for deferment of tax payment, the taxpayer is also liable to submitting proof of fulfilling the conditions required to delay payment (defined above) and collaterals.

Filip Babic (filip.babic@eurofast.eu)

Eurofast Global, Belgrade Office

Tel: +381 11 3241 484

Website: www.eurofast.eu

more across site & bottom lb ros

More from across our site

ITR’s most interesting stories of the year covered ‘landmark’ legal battles, pillar two, AI’s relationship with transfer pricing and more
Chinwe Odimba-Chapman was announced as Michael Bates’ successor; in other news, a report has found a high level of BEPS compliance among OECD jurisdictions
The tool, which will automatically compute amount B returns, requires “only minimal data inputs”, according to the OECD
The rules are intended to implement the substance of an earlier OECD report in its entirety
While new technology won’t replace the human touch, it could help relieve companies’ staffing issues, EY’s David Helmer and Daren Campbell tell ITR
The firm said the financial growth came from increased demand for its AI services and global tax reform advice
Chrystia Freeland had also been the figurehead of Canada’s controversial digital services tax adoption, which stoked economic tensions with the US
Panama has no official position on pillar two so far and a move to implement in Costa Rica will face rejection, experts tell ITR
The KPMG partner tells ITR about Sri Lanka’s complex and evolving tax landscape, setting legal precedents through client work, and his vision for the future of tax
Overall turnover at the firm also reached a record £8 billion; in other news, Ashurst and Dentons announced senior tax partner hires
Gift this article