Serbia: Tax law measures enacted for 2019

21 December 2018

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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