Tax Update – January 2021.
As of January 1st, 2021. amends of the Law on Personal Income Tax (“Official Gazette of the RS”, No. 153/2020), Law on Corporate Income Tax (“Official Gazette of the RS”, No. 153/2020), Law on Value Added Tax (“Official Gazette of the RS”, No. 153/2020) come into force. (more…)
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Decree on Program of Financial Support to Business Entities for Maintaining Liquidity
The Government of the Republic of Serbia adopted on April 10, 2020 the Decree on Program of Financial Support to Business Entities for Maintaining Liquidity and Working Capital in Aggravated Economic Conditions due to the COVID – 19 Pandemic Caused by the Virus SARS-CoV-2 (hereinafter: Decree), which was published on the same day in the “Official Gazette of the Republic of Serbia”, No. 54/2020 and came into force on the following day. (more…)
Adopted regulation on Fiscal benefits and Directive benefits to businesses in the private sector and money assistance to citizens to make effective economic consequences of diseases COVID-19
On April 10, the Government of the Republic of Serbia adopted a Regulation whose main objective is to implement previously planned economic measures to mitigate the economic consequences caused by the COVID-19 disease pandemic. The Regulation itself prescribes fiscal benefits and direct benefits for the private sector that can be realized under the conditions prescribed by this Regulation, as well as direct financial assistance in the amount of 100 euros in dinars equivalent to all adult citizens of the Republic of Serbia. (more…)
Economic measures for mitigation of COVID-19 pandemic effects
After a virus, Corvid-19, began to spread throughout the world, many countries have faced changes both at the social and economic levels.
The global economy expects losses in the coming period, with the first visible negative effects in the next three months, when it is expected that countries will use their resources from pandemic suppression. (more…)
Tax Breaks for the IT sector
New Draft of Corporate Profit Tax Law: Tax Breaks for the IT sector
Most of the measures relate to tax incentives for companies that have intellectual property registered in Serbia, as well as companies that are engaged in research and development in Serbia.
The Ministry of Finance has published the Draft Law on Amendments to the Law on Corporate Income Tax. This draft has proposed several new measures and the abolition of existing ones, some of which are relevant to IT companies and startups. (more…)
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MSI International Conference in Madrid
Head of Finance departament Sanja Stevanović-Polovina represented ZS TAX & Consulting at MSI International Conference in Madrid
MSI Global Alliance, one of the world’s leading international associations of independent legal and accounting firms with over 260 member firms in more than 100 countries successfully organized International Conference in Madrid as a host and ZS Tax & Consulting in attendance. (more…)
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MSI Global Alliance appoints new member firm in Serbia
MSI Global Alliance (MSI), one of the world’s leading international associations of independent legal and accounting firms, is delighted to welcome the new member firm to the association.
Welcoming the new members, MSI Global CEO Tim Wilson says, “I am delighted to welcome our new member to MSI. We have also been keen to develop MSI’s presence further in Central and Eastern Europe and a strong presence in Serbia will really help this development. I very much look forward to welcoming formally new member firm at our forthcoming International Conference in Madrid.”
ZS Tax & Consulting d.o.o (ZS Tax) was founded in 2016. Its team of finance, tax and accounting advisors assists clients across a wide range of sectors and industries.
“I am truly looking forward to work with the great MSI staff and their members. One of the many things I appreciate is meeting them in person and spending time with MSI during the Madrid conference in October. Hope that each one will bring its own excellence and knowledge as important support to all clients we have in ZS Tax”, said Sanja Stevanovic-Polovina, Head of finance department at ZS Tax.
About MSI Global Alliance:
MSI is one of the world’s leading international associations of independent legal and accounting firms with over 260 member firms in more than 100 countries. MSI was formed in 1990 in response to the growing need for cross-border co-operation between professional services firms. See www.msiglobal.org
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Tax news, April 2019
Changes with respect to the list of double taxation treaties and the list of jurisdictions with a preferential tax regime
As of 1st January 2019, important changes related to the list of double taxation treaties and jurisdictions with a preferential tax regime were introduced. (more…)
- Published in news, Rules & Regulations