Serbian 
English 
March 17, 2017
The Ministry of Finance of the Republic of Serbia adopted the Rulebook on interest rates that are considered to be in accordance with the “arm’s length” principle for 2017 (hereinafter referred to as: the Rulebook). The Rulebook was published in the “Official Gazette of the Republic of Serbia”, No. 21/2017 dated March 10, 2017 and will come into force on March 18, 2017.
The Rulebook prescribes interest rates that are, in accordance with the “arm’s length” principle, for 2017, calculated on loans or credits between related parties.
Overview of Interest Rates prescribed by the Rulebook
Chapter of the Law on Profit Tax (“Official Gazette of the Republic of Serbia”, Nos. 25/2001, 80/2002, 80/2002, 43/2003, 84/2004, 18/2010, 101/2011, 119/2012, 47/2013, 108/2013, 68/2014, 142/2014, 91/2015 and 112/2015) which regulates the area of transfer pricing (Articles 59, 60, 61, 61a and 61b) prescribes that for purposes of determining interest rates in accordance with the “arm’s length” principle taxpayers can use the interest rate prescribed by the Ministry of Finance or apply general rules on transfer pricing, provided by that law. Taxpayers can choose only one of the listed two options. The chosen methodology has to be consistently applied to all credits/loans given to or received from related parties. Prescribed interest rates should be applied to interest income/expense recognized during 2017 regardless of the period from which loan(s) originate.
|
Taxpayers |
Interest rates for Credits/Loans in RSD |
| Banks and Financial Leasing Companies (short term credits / loans) | 3.17% |
| Banks and Financial Leasing Companies (long term credits / loans) | 4.38% |
| Other Companies (short term credits / loans) | 6.46% |
| Other Companies (long term credits / loans) | 6.39% |
|
Taxpayers |
Interest rates for Credits/Loans in EUR and RSD Credits/Loans denominated in EUR |
| Banks and Financial Leasing Companies | 3.13% |
| Other Companies (short term credits / loans) | 3.98% |
| Other Companies (long term credits / loans) | 4.25% |
|
Taxpayers |
Interest rates for Credits/Loans in USD and RSD Credits/Loans denominated in USD |
| Banks and Financial Leasing Companies | 4.20% |
| Other Companies (short term credits / loans) | 4.61% |
| Other Companies (long term credits / loans) | 5.72% |
|
Taxpayers |
Interest rates for Credits/Loans in CHF and RSD Credits/Loans denominated in CHF |
| Banks and Financial Leasing Companies | 1.34% |
| Other Companies (short term credits / loans) | / |
| Other Companies (long term credits / loans) | 7.08% |
|
Taxpayers |
Interest rates for Credits/Loans in SEK and RSD Credits/Loans denominated in SEK |
| Banks and Financial Leasing Companies | 3.63% |
| Other Companies (short term credits / loans) | / |
| Other Companies (long term credits / loans) | / |
|
Taxpayers |
Interest rates for Credits/Loans in GBP and RSD Credits/Loans denominated in SEK |
| Banks and Financial Leasing Companies | 1.15% |
| Other Companies (short term credits / loans) | / |
| Other Companies (long term credits / loans) | / |
|
Taxpayers |
Interest rates for Credits/Loans in RUB and RSD Credits/Loans denominated in RUB |
| Banks and Financial Leasing Companies | 3.30% |
| Other Companies (short term credits / loans) | / |
| Other Companies (long term credits / loans) | / |
ZS Tax & Consulting doo Beograd is a company providing accounting, bookkeeping and tax consulting services. For more information and/or to arrange a meeting, please feel free to contact us at the following e-mail address: office@zstax.rs.
This document is provided for information purposes only and does not constitute advice in terms
of the Law on Accounting. Before taking or refraining from any action based on the contents
of this document, advice of an accountant or tax advisor shall be obtained.
