Decree on tax measures during state of emergency for mitigation of economic consequences which result from COVID-19 disease caused by the SARS-CoV-2 virus

On 20 March 2020, the Government of the Republic of Serbia adopted a Decree on tax measures to mitigate the economic consequences of COVID-19 disease caused by the SARS-CoV-2 virus (the “Decree“) which sets forth tax measures during the state of emergency.

The Decree is being introduced to mitigate the economic impact of the COVID-19 disease caused by the SARS-CoV-2 virus in order to increase taxpayers’ liquidity.

The measures relate to the payment of tax obligations that fall due in March 2020.

These measures apply to taxpayers – legal entities, natural persons, entrepreneurs and farmers, who are authorized to pay due tax obligations in accordance with the Law on Tax Procedure and Tax Administration.

Taxpayers – legal entities, entrepreneurs, farmers and natural persons during the state of emergency shall be charged and paid interest at a rate equal to the annual reference rate of the National Bank of Serbia, for the amount of more or less tax paid and incidental payments, except for interest.

The Decree shall enter into force on 20 March 2020.