Serbia: Tax law measures enacted for 2019

New legislation in Serbia (published in the official gazette on 8 December 2018) generally is effective for tax years beginning in 2019.  In some instances, the measures are effective in 2018.

Among the tax law changes are provisions concerning:

• New rules on tax depreciation and amortization

• Repeal of the limits on advertising and promotional expenses

• A “double deduction” for  qualifying research and development expenses

• An exclusion of certain income received as part of a transfer of non-monetary assets of a concession grantor if the concession is €50 million or more (effective 8 December 2018)

• An exclusion for the release of debt included in a pre-packed restructuring plan (effective 8 December 2018)

• Changes to the tax treatment of the effects of a change in accounting policies

• An exemption for income from royalty fees paid with respect to exploitation of intellectual property and similar rights

• Changes to the definition of intellectual property rights and rights linked to discoveries for capital gains taxation purposes

• Revisions to the rules for capital gains for transfers of real estate to a concession grantor

• Tax credits for investments in companies involved in innovation activities

• Rights to a tax credit for capital gains realized in another country

Read a December 2018 report [PDF 154 KB] prepared by the KPMG member firm in Serbia

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