Government of Republic of Serbia has adopted Decree regulating delay of deadlines for submission of annual and consolidated financial statements of companies, cooperatives, other legal entities and entrepreneurs, as well as deadlines for filing company and self-employment income tax returns.
The deadline for submission of annual financial statements with the auditor’s report for all taxpayers whose reporting is regulated by the Capital Markets Law, the Law on Investment Funds or the Law on Alternative Investment Funds with a Public Offering, is extended to 60 days from the date of termination of the state of emergency.
For reporting that is governed by the Accounting Law, the period for the regular annual financial statements is postponed for 90 days from the date of termination of the state of emergency. The deadline for the consolidated financial statements is moved to 120 days from the date of termination of the state of emergency.
The deadlines for filing corporate income tax and self-employment income tax returns are postponed for 90 days from the end of the state of emergency, for legal entities whose tax period is equal to the calendar year, that is, for 120 days for taxpayers of corporate income tax whose tax period is different from the calendar year.
Persons liable to tax on self-employed income keeping business books in accordance with Article 43, para. 2 and 3 of the Law on Personal Income Tax, file a tax return within 90 days from the date of termination of the state of emergency.