April 2026 - Creative Finance

The liquidation procedure of a civil association is generally similar to the liquidation of business companies, but it is somewhat simplified.

When a company receives interest-free loans or loans with an interest rate below market terms from its foreign parent company, the proper accounting measurement of such liabilities is of particular importance.

The deadline for filing annual personal income tax returns for 2025 is approaching, with the final date set for May 15 of the current year. All tax residents of Serbia are subject to this tax.

The founding act of a limited liability company may specify that profits are not distributed in proportion to members’ shares in the share capital. This allows the company to use alternative distribution criteria, for example based on members’ contributions, active involvement, or other agreed-upon conditions.