Uncategorized Archives - Creative Finance

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.

June 8, 2022

The legislation od the Republic of Serbia stipulates that property tax is an obligation of natural persons (residents and non-residents) owning real estate within the territory of the Republic of Serbia, the value of which exceeds 400,000 dinars and is not excluded from tax payment. Property tax is payed on the following real estate rights...

June 1, 2022

  Property is a body of ownership rights and obligations of a natural person or legal entity. The term ‘property’ commonly includes the following rights: property, obligational, intellectual property and inheritance rights, as well as the debts arising from them. Some of the basic property characteristics are that it cannot be taken away from a natural person or legal entity and it is subsequently inalienable, that it exists as long as a person exists, that it is transferred to other persons as a legacy or enters bankruptcy estate.

May 26, 2022

Serbia has been working on the improvement of investment opportunities for years and, in terms of that, it has introduced numerous amendments to different laws to attract foreign investors. In that context, there have been some significant changes that have put Serbia high on the list of countries that many foreign nationals opt for when making decisions on living and working on its territory...