Fiscal Benefits and Direct Aid to Private Sector and Citizens
Fiscal Benefits and Direct Aid to Private Sector and Ci
The Government of Serbia has adopted the Decree on Fiscal Benefits and Direct Aid to Companies in the Private Sector and Monetary Aid to Citizens Aimed at Reducing Economic Consequences due to COVID 19 (Decree).
The Decree was published in the Official gazette of Serbia No 54 on 10 April 2020 and comes into force on the same day.
The procedure and manner of deferral of liabilities for taxes and social security contributions, as well as the form that large entities will submit for payment of grants will be prescribed by the special rulebook of the Ministry of Finance.
Classification of entities on micro, small, medium and large is made based on 2018 financial statements for the purposes of application of the Decree. Entities established in 2019 and 2020 are considered small entities.
Entities opting for fiscal benefits and direct aid cannot pay dividends until the end of 2020.
In PDF below is an overview of the measures and issues that need to be addressed.
If you have any questions or you need assistance of our professionals, please contact us at tax@kpmg.rs
For previous editions of KPMG Tax Alerts please visit the following web page:
KPMG Tax & Legal Department
KPMG d.o.o. Beograd
Kraljice Natalije 11
11 000 Belgrade, Serbia
T: +381 11 20 50 500
F: +381 11 20 50 550
tax@kpmg.rs
© 2024 KPMG d.o.o. Beograd, a Serbian limited liability company and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. All rights reserved.
For more detail about the structure of the KPMG global organization please visit https://kpmg.com/governance.