Accounting & Tax Compliance in Serbia
Statutory accounts under IFRS-aligned standards, VAT returns, and corporate tax filings aligned with Serbian requirements, including transfer pricing documentation for related-party transactions.
SerbiaCurrency
RSD (Serbian dinar) — many contracts reference EUR
Corporate tax rate
15% flat, no surcharges, no minimum tax
VAT standard rate
20%
Legal forms
D.o.o. · A.d.
Bookkeeping standard
Serbian GAAP, or IFRS for large entities and public-interest entities
Annual filing
Annual financial statements filed with the Business Registers Agency (APR) by 30 June following year-end
How accounting and tax compliance work in Serbia
Serbia applies a flat 15% corporate income tax rate uniformly to resident and foreign companies earning Serbian-source income, with no municipal surcharge and no minimum tax — one of the lowest and structurally simplest corporate rates in Europe. The d.o.o., Serbia's standard limited liability company, can be formed with as little as RSD 100 in share capital and registered remotely through the Business Registers Agency (APR).
Operating in Serbia combines one of Europe's simplest and lowest corporate tax structures with a contractor-classification framework that companies engaging local freelancers — particularly in IT and remote services — must navigate carefully to avoid retroactive reclassification.
Discuss your Serbia accounting setupRate structure and what it applies to
15% flat, no surcharges, no minimum tax
- Nine-criterion independence test — for sole traders — meeting five or more criteria risks reclassification of contractor income as disguised employment, with retroactive tax and contribution consequences
- Flat-rate (paušal) regime cap — at RSD 6,000,000 annual income for sole traders — exceeding it requires moving to standard double-entry bookkeeping and taxation
- Social security contribution cap — at five times the average monthly salary, limiting both employer and employee contribution exposure for higher earners
- Newly settled taxpayer relief — — a 70% reduction in tax base and social security contributions for qualifying employees relocating to Serbia, available for five years
Rates that apply in Serbia
| Rate | Applies to |
|---|---|
| 20% | Standard rate — most goods and services |
| 10% | Reduced rate(s) — defined categories of goods and services |
Serbian GAAP, or IFRS for large entities and public-interest entities, and when an audit is required
Statutory bookkeeping in Serbia follows Serbian GAAP, or IFRS for large entities and public-interest entities. Statutory audit required for large and medium-sized entities and public-interest entities under Serbian accounting law.
Confirm your audit obligationAnnual accounts and registration
Annual financial statements filed with the Business Registers Agency (APR) by 30 June following year-end.
Entity registration runs through the Serbian Business Registers Agency (APR), typically taking As little as 3–5 business days.
Plan your filing calendarFrequently asked questions
Talk to a Serbia accounting expert
Companies treating Serbia purely as a low-cost contractor base without assessing the independence test exposure are taking on retroactive reclassification risk that can be substantial once a relationship is examined closely — particularly for long-tenured, single-client arrangements common in IT outsourcing. Structuring the relationship correctly from the outset is materially cheaper than correcting it after a tax authority review.