serbia

COVID-19 Countermeasures in Serbia

Summary

Area 
Title
Description
Labour market
Deferral of payment of social security contributions
Repayment in 24 monthly instalments – shall begin in 2021
Employment grants
Aid for small companies - minimal wage, for medium and large 50% of minimum salary
Tax
Tax contributions postponed
Repayment in 24 monthly instalments – shall begin in 2021

Labour market

  • Deferral of payment of social security contributions (repayment in 24 monthly instalments – shall begin in 2021).
  • Sole-proprietors, micro and small legal entities, the aid in the amount of minimum salaries should be paid.
  • Medium and large legal entities shall receive the amount of 50% from three minimum salary for each employee in net minimum wage for employees who have been terminated by decision.

The support shall not be available to those entities which decreased the number of employees for 10% or more, as of the moment when the state of the emergency was introduced.

Tax provisions

  • The payment of taxes and social security contributions for private sector during the state of emergency is postponed – the payment will begin in 2021, at the earliest and liabilities can be repaid in 24 monthly instalments;
  • Deferral of payment of corporate income tax in advance in the second quarter of 2020;

The support shall not be available to those entities which decreased the number of employees for 10% or more, as of the moment when the state of the emergency was introduced.

Contact Us

bogdan
Bogdan Djurić
Partner