Property tax is calculated from the moment the tax liability arises and is payable for each tax year as long as the liability exists. Taxpayers who maintain accounting records are required to determine their own property tax liability for real estate located in the Republic of Serbia through the self-assessment procedure prescribed by law.
A representative office does not have separate legal personality and therefore does not act in its own name. Any obligations arising from its activities remain the responsibility of the foreign company that established it.
In practice, foreign companies often operate in Serbia through a branch registered with the Serbian Business Registers Agency. The branch maintains accounting records in accordance with the Accounting Law and is a corporate income taxpayer on profits generated in Serbia, under rules largely comparable to those applicable to resident companies.
Interim dividends allow companies to distribute part of their realized profit to owners before the end of the financial year, but strictly under clearly defined legal conditions. Although this practice is becoming increasingly common in business, the law precisely regulates when and how such distributions are permitted.
The draft of the new Accounting Law introduces significant changes that will affect both companies and accounting agencies. Among the key amendments are higher thresholds for company classification, a new method for calculating revenue, and additional obligations for accounting service providers.
Considering that bookkeeping is one of the key factors of successful business operations, sooner or later every business owner faces a decision: to hire an accounting agency, an independent accountant, or an in-house accountant.
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.
