Tax Update – January 2021.

As of January 1st, 2021. amends of the Law on Personal Income Tax, Law on Corporate Income Tax, Law on Value Added Tax come into force.

New stance of the tax authority regarding outstanding debts of freelancers

The last two decades were marked by growing business opportunities in the IT domain, softer R&D, advertising, graphic design, etc, which were all supported by the development of digital platforms on the Internet.

Key amends of the Law on Tax Procedure and Tax Administration

On November 26th 2020, the National Assembly of the Republic of Serbia adopted Laws on amendment to the Law on Tax Procedure and Tax Administration and Law on the amendments to the Law on Property Taxes

Adopted regulation

Adopted regulation on Fiscal benefits and Directive benefits to businesses in the private sector and money assistance to citizens