The Ministry of Finance issued the rulebook where it prescribed arm’s length interest rates for 2019. The practice of rate decreases and the consequent decrease of tax-deductible expenses is continued.

Under the rulebook, the arm’s length interest rates for loans provided to Serbian companies are as follows:

  • 4.98% for short term loans in RSD,
  • 5.69% for long term loans in RSD,
  • 2.71% for short term loans in EUR,
  • 2.90% for long term loans in EUR,
  • 7.61% for long term loans in CHF,
  • 3.08% for short term loans in USD,
  • 4.12% for long term loans in USD.

Interest rates will be applicable for tax calculations for 2019.

Electronic Tax Certificates

The Serbian Tax Authority introduced a new electronic service that would enable taxpayers to obtain tax certificates electronically. This should reduce the time required for taxpayers and tax officials for obtaining the certificate, especially having in mind that the tax authority annually issues 750,000 certificates.

All users of the e-tax portal from 1 March 2019 can receive tax certificates electronically. In order to access the e-tax portal, an electronic digital certificate is required.

More information on the procedure for obtaining electronic tax certificates can be found on the tax authority’s website.