Tax News

An agreement on the avoidance of double taxation with the Federal Republic of Germany was initialed

An agreement on the avoidance of double taxation with the Federal Republic of Germany was initialed, which is significant for all those who have a business relationship with that country. The Double Taxation Avoidance Agreement concluded between the Socialist Federal Republic of Yugoslavia and the Federal Republic of Germany on January 1, 1989 is currently in force. The conclusion of the new agreement was necessary considering that more than 35 years have passed since the beginning of the application of the existing Agreement and that during that period of time there have been a series of changes not only in the tax system of the Republic of Serbia but also in international tax practice.

The Government of the Republic of Serbia has decided to repeal the Regulation on Incentives for employers hiring newly-employed persons

The Government of the Republic of Serbia has decided to repeal the Regulation on Incentives for employers hiring newly-employed persons. In recent years, numerous domestic and foreign companies have decided to start or expand their operations in Serbia due to attractive government incentives.These incentives were introduced with the aim of positioning Serbia as an IT Hub and stimulating economic development. Accordingly, a large number of companies have hired highly educated professionals from abroad and made long-term investment plans and business models in accordance with this Regulation, which provided for incentives for payments made to newly-employed persons for a period of up to 60 months. The Regulation was in force for 3 years and the incentives were to be paid until 31.12.2029.

The Regulation on Amendments to the Regulation on Electronic Invoicing has been published, which entered into force on 01.07.2025.

The Regulation on Amendments to the Regulation on Electronic Invoicing has been published, which entered into force on 01.07.2025. and which extends the validity of the so-called relaxing provision on the issue of checking the correctness of electronic VAT registration until 31 December 2025. Therefore, until the end of 2025, the Ministry of Finance will not take into account errors in the presentation of data in the prescribed VAT records in the Electronic Invoice System (SEF). The extension of the validity of the relaxing provision is significant because many taxpayers have not managed to adapt to the new rules for VAT registration in the SEF in the previous 6 months for technical reasons. It is expected that in the next 6 months, taxpayers will implement the new rules in their information systems and be able to fully respond to the requirements of the SEF starting from 01.01.2026.