The Tax Administration has published the Annual Tax Control Plan for 2019.

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The Tax Administration has published the Annual Tax Control Plan for 2019, in accordance with the Taxation Plan for 2019/2020. The tax control plan is mostly coveres taxpayers on the basis of the risk analysis criteria, which are created on the basis data reported in tax returns.

The level of taxpayer risk is determined using the following general criteria:
– Level of turnover,
– The size of the taxpayer from the financial statements,
– Frequent change of the competent tax branch,
– Number of employees according to the size of the taxpayer,
– Taxpayers which have related parties, and the latter is temporarily seized of PIB,
– raised cash to revenue ratio,
– Margin,
– Participation of exports in total turnover,
– The amount of business loss reported in the business,
– The amount of loss,
– The status of the taxpayer bankrupt / liquidation,
– The ratio of non-material costs and revenues,
– The ratio of operating revenues and operating expenses,
– The ratio of total revenues and expenditures,
– Participation of operating income in revenues,
– Net income and revenues ratio
– The ratio of profit and taxable profit,
– Previous controls, frequency and control status

Tax control will focus on the following taxpayers:
– taxpayers whose founders are non-residents, their transactions with related parties, and the application of a double taxation treaties,
– taxpayers who perform status changes and the impact of the transfer of assets and liabilities to VAT and corporate income tax,
– taxpayers dealing with the trade in petroleum products and the accuracy of accounting and payment of excise duties.

The control will check the accuracy of the obligation to disclose VAT, excise tax, corporate income tax, income tax on self-employed activities and withholding tax.

Special attention will be paid to taxpayers who reported a tax credit longer than 12 months. When choosing a taxpayer for VAT control, the data in the VAT Review of Value Added Tax on the POPDV form will also be used.

In the implementation of the Annual Control Plan for 2019, 490 tax inspectors will be engaged with 771,750 annual fund of effective working hours, which is the basis for determining the possible number of controls in 2019.
80% of the total available effective hours of working hours will be planned at the Tax Administration.

 

Rule-book on interest rates for 2019

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Pursuant to Article 61, paragraph 3 of the Legal Entity Profit Tax Law (“Official Gazette of the Republic of Serbia”, No. 25/01, 80/02, 80/02 – other law, 43/03, 84 / 04, 18/10, 101/11, 119/12, 47/13, 108/13, 68/14 – other law, 142/14, 91/15 – authentic interpretation, 112/15, 113/17 and 95/18), Minister of Finance adopted the Rule-book on interest rates for 2019 that are considered to be in accordance with the “arm’s length” principle. The Rule-book is published in the “Official Gazette of the Republic of Serbia”, no. 13/2019 and enters into force on March 8th 2019.

Pursuant to Article 2 of this Rule-book:

For 2019, the interest rates are:

1) for banks and financial leasing companies:

(1) 2.72% on short-term loans in RSD;

(2) 3.64% on loans in EUR and RSD loans indexed in EUR;

(3) 5.05% on loans in USD and RSD loans indexed in USD;

(4) 2.98% on loans in CHF and RSD loans indexed in CHF;

(5) 3.91% of loans in SEK and RSD loans indexed in SEK;

(6) 4.25% on loans in NOK and RSD loans indexed in NOK;

(7) 1.92% on GBP loans and RSD loans indexed in GBP;

(8) 1.41% on loans in RUB and RSD loans indexed in RUB;

2) for other companies:

(1) 4.98% on short-term loans in RSD;

(2) 5,69% on long-term loans in RSD;

(3) 2.71% on short-term loans in EUR and RSD loans indexed in EUR;

(4) 2.90% on long-term loans in EUR and RSD loans indexed in EUR;

(5) 7.61% on long-term loans in CHF and RSD loans indexed in CHF;

(6) 3.08% on short-term loans in USD and RSD loans indexed in USD;

(7) 4.12% on long-term loans in USD and RSD loans indexed in USD.

Interest rates apply to borrowings as well.

TAX ADMINISTRATION OF THE REPUBLIC OF SERBIA STARTS WITH ELECTRONIC CONFIRMATION

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All E-Porezi Portal users will be able to receive tax certificates electronically starting March 1st 2019. Tax Administration of the Republic of Serbia has enabled the issuance of electronic certificates on paid taxes from all payment accounts of public revenues, certificates on paid health insurance contributions, certificates on paid VAT, and certificates on paid taxes and withholding contributions without needing to go to the Tax Administration field office.
For the purposes of exercising rights in the field of social protection, implementation of active employment policy measures, concluding an employment contract, enrollment of children in kindergarten, exercising rights on compulsory health insurance, exercising rights in the area of financial support to the families with children, payment exemption of court costs and providing proof in the procedure related to pre-school and school education, student and pupil issues, professional development and retraining – in accordance with the provisions of the Law on Republic Administrative Taxes, the fee for the issued certificate will not be required.
Instructions on issuing of electronic certificates can be found on the Republic of Serbia Tax Administration website – www.purs.gov.rs, and for all other information can be received by calling the Contact Center- phone no.: 011-33 10 111 and 0700-700-007.
* Text taken from the Tax Administration’s FB website *