Stefan, Author at Creative Finance

October 1, 2022

  According to the provisions of the law regulating companies, a representative office of a foreign legal entity is not a legal entity. According to the provisions of the law regulating corporate profit tax, it is not a permanent establishment (it does not perform an activity, only preparatory activities and the activities that precede contract conclusion) and it does not keep business records in accordance to the accounting regulations....

September 7, 2022

Withholding tax is the tax amount that is kept by income or profit payers and transferred to the tax authority account on behalf of taxpayers. When we are talking about withholding tax in regard to the Law, what we have in mind is the technique of income tax collection in the country where a non-resident has gained the income or, in this particular case, in the Republic of Serbia.

July 29, 2022

In accordance with the Article 40 of the Individual Income Tax Law, a self-employed taxpayer submits an application for lump-sum taxation to the competent Tax Administration. During the process of registration with the Business Registers Agency, new entrepreneurs opt for lump-sum taxation by filling in forms. This complies with the Article 42 Paragraph 2 of the Individual Income Tax Law, where the Business Registers Agency forwards this application to the Tax Administration...

July 7, 2022

The market conditions, under which the international trade in goods has been performed over the last months, are significantly determined by customs rules. Preferential origin status is given to exported goods in order to exercise the right of exemption from duty fee in the country of import, under the condition that the country is a member of the same customs unions as the Republic of Serbia or that those countries concluded a free-trade agreement with Serbia.