A person associated with a taxpayer shall be understood as a natural or legal person in whose relations with the taxpayer, there is a possibility of exercising control over or exerting considerable influence on business decisions...
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Many companies and people have started to think globally and stopped limiting their business only to the country of residence. This raises the issue related to taxation in different countries. The double taxation agreement concluded between Serbia and Russia was signed on October 12, 1995 in Moscow. These are the rates applied to double taxation by Russia and Serbia:
The reasons for the adoption of both laws can be found in the need to enable economic growth and development, as well as investment inflow. For the purpose of achieving these goals, the amendments contain the measures, which are primarily stimulating, namely...
The double taxation agreement, which was concluded between the Republic of Serbia and Singapore and, due to the COVID-19 pandemic, signed in February of the current year in Belgrade and in April of the current year in Singapore, was published in the Official Gazette in July of the current year, which significantly contributed to the development and improvement of bilateral business relations and financial cooperation between legal and natural persons – residents of the two countries.
E-Invoice - definition, elements, submitting entity, application. What Is E-Invoice? Who Has the Obligation to Issue E-Invoices? E-Invoice Elements; Sending and Receiving International E-Invoices...
Apart from different forms of foreign trade, business practice also includes a number or payment and collection methods related to those trades. According to the applicable regulations, export collections and payments for the import of goods and services are carried out as follows:
Undocumented Expenses and Expenditures That Are Not Incurred in Order to Perform Activity – Expenditures That Are Not Recognized in the Tax Basis Balance Sheet The expenses that cannot be documented and the expenses that are not incurred in order to perform a business activity are not debited to the expenditures recognized in the tax basis balance sheet. The tax base for the income of a legal entity i.e. entrepreneur is increased for the amount of expenditures.
In business and accounting practice, we often encounter the situation that legal entities, especially entrepreneurs, use business premises located at the same address where the company is headquartered and do not pay rent. Natural person, the owner of the business premises hands over his premises to the legal entity and entrepreneur for free use, so...
A lease is an agreement because it is regulated by law (Apartment lease, Equipment lease, Vehicle lease, etc.), it is usually formal and must have a written form. It does not have to be notarized to be valid. The Law of Contract and Torts (serb. ZOO) regulates the basic provisions of this law.
To determine the lump-sum tax base, the Tax Administration uses the average monthly salary per employee for the last 12 months, taking into account the area, where the salary is received. The average salary in the Republic, city or municipality, determined in this way, is multiplied by the official number of employed people and a business activity coefficient and then divided by...