Corporate Income Tax

• Corporate income tax advisory based on local regulations.

• Analysis of tax credits, incentives, and reliefs, including preparation of necessary documentation.

• Tax optimization related to R&D expenditures and income generated from the exploitation of intellectual property.

• Tax optimization for investments in start-ups.

• Preparation and review of annual corporate tax balance sheets.

• Preparation and review of corporate income tax returns and all relevant annexes (financial statements, supplemental documents, transfer pricing, etc.).

• Determining the most optimal structure for transactions involving related foreign parties.

• Analysis of the impact of BEPS (Base Erosion and Profit Shifting) regulations on taxpayers.

• Advisory on withholding taxes (e.g. royalties, services, interest, leases, dividends).

• Establishment and management of permanent establishments, including record-keeping and tax return filing.

• Advisory related to personal income tax and applicable contributions.

• Expatriate administration.

VAT and Other Indirect Taxes

VAT has become increasingly important as multinational companies often seek to optimize cash flow, while governments rely on it as a major revenue source (e.g., around 50% of Serbia’s tax revenue is derived from VAT).

We believe that the most effective VAT advisory results when it leads to structures that align seamlessly with both national and international business environments. Our VAT consulting services aim to add value across the entire supply chain—a core objective and strategy.

Our services include:

• Preparing expert opinions on VAT for all types of transactions.

• Developing internal procedures and implementing internal control systems for VAT calculation verification.

• Advisory on compiling VAT returns and submitting corrected returns.

• Monthly review of VAT returns and supporting documentation.

• Supply chain optimization from an indirect tax perspective.

• VAT refund processing.

• VAT registration for foreign entities in Serbia.

• Support and advisory during communication with tax authorities in VAT audits.

Tax Audits and Due Diligence

Identifying tax risks is essential not only during M&A but also for ongoing operations, forming a critical part of comprehensive corporate risk analysis.

• Tax due diligence involves diagnosing tax risks and detecting non-compliance across all applicable taxes—particularly corporate income tax, VAT, and personal income tax. This process empowers taxpayers to take timely corrective actions and make informed decisions.

Monthly Ongoing Tax Support

• Our team is available to assist with your daily tax matters and transactions.

• The scope of our involvement is tailored to each client—typically defined as an agreed number of hours per month. For every query pertaining to tax issues arising in your operations, our team provides expert opinion, reasoning, or recommendations, grounded in relevant legislation and judicial practice.

International Tax Planning

Through detailed international tax planning, it is possible to optimize tax outcomes by applying Double Taxation Avoidance Treaties and social security agreements that Serbia has with other countries.
Our expert team offers services such as:

• Tax advisory aiming to reduce overall costs by avoiding double taxation.

• Design of ownership structures and transaction flows.

• Optimization of social security contributions for dispatched employees or foreign nationals working in Serbia.

• Analyses of tax incentives and optimization of total tax burdens for all transaction types, in cooperation with our affiliated offices in over 100 countries.

Tax Optimization

Effective tax optimization must consider two dimensions: current tax expenses and tax risks. Our expert team strives to offer clients a tax optimization program that minimizes both. This ensures your financial operations are efficient and fully compliant with Serbian legislation.

Relations with Tax Authorities

Are you facing a tax audit or seeking a tax refund in accordance with the law? Our team is available to assist with all interactions with tax authorities, including drafting appeals and reports, advising during tax procedures, tracking audit progress, and facilitating refunds—whether related to VAT, advance corporate tax, or other prepayments.

Tax Outsourcing

If you lack sufficient internal resources to manage tax functions, you can outsource them to our company. Upon authorization, our tax professionals can handle all tax implications of your transactions, prepare and file all mandatory tax returns on your behalf.

Subservices

• Preparation of expert opinion and analysis
• Tax incentives
• Tax strategy and planning
• Corporate income taxes
• VAT and Customs
• Tax review and due diligence
• Tax optimization
• Monthly support
• International taxation
• Dealing with tax authorities