# Serbia — Regulatory Summary

# Serbia (RS) Regulatory Requirements

## Overview

- **Country Code:** RS
- **Currency:** RSD (Serbian Dinar)
- **EU Status:** Candidate
- **Open Banking:** PSD2-aligned (deadline Jan 2026)
- **Payment System:** IPS Serbia (instant 1-sec) + SEPA member (May 2025, full ORD May 2026)

## VAT (PDV - Porez na dodatu vrednost)

| Rate Type | Rate | Description |
|-----------|------|-------------|
| Standard | 20% | General goods and services (opšta stopa) |
| Reduced | 10% | Food, medicines, utilities (snižena stopa) |
| Zero | 0% | Exports, international transport |

**Registration Threshold:** 8M RSD annual turnover
**Return Frequency:** Monthly (>50M RSD) or Quarterly (<50M RSD)
**Filing Deadline:** 15th of following month
**Portal:** [ePorezi](https://www.poreskauprava.gov.rs)

## Corporate Income Tax (CIT - Porez na dobit)

- **Rate:** 15% flat
- **Filing Deadline:** June 30 (for previous fiscal year)
- **Payment:** Quarterly advance payments

## Withholding Tax (WHT)

| Type | Rate |
|------|------|
| Dividends | 20% |
| Interest | 20% |
| Royalties | 20% |

## Small Business Regime (Pausal)

- **Threshold:** <6M RSD annual turnover
- **Taxation:** Simplified lump-sum based on activity type
- **Benefits:** Reduced compliance burden, no VAT registration required

## E-Invoice (SEF - Sistem e-Faktura)

**Platform:** https://efaktura.gov.rs
**Status:** Operational
**Mandatory Since:**
- B2G (government suppliers): May 2022
- B2B (business-to-business): January 2023

**Format:** UBL 2.1 XML
**API:** Available for integration ([API docs](https://suf.purs.gov.rs/sites/default/files/2022-07/Uputstvo%20za%20integraciju%20sa%20SEF-om%20v1.2.pdf))

**Penalties:** 50,000 - 2,000,000 RSD for non-compliance

**Coming:** eOtpremnica (e-waybill) expected 2026/2027

## Fiscal Devices (B2C)

**Required for:** Cash sales (retail, restaurants, etc.)
**Systems:**
- LPFR (Local Printer with Fiscal Register)
- ESIR (Electronic System for Invoice Registration)

## Chart of Accounts (Kontni okvir)

**Regulation:** Pravilnik o kontnom okviru (2021)
**Structure:** 10-class system (0-9)
- Class 0: Fixed assets & long-term placements
- Class 1: Inventory / Short-term credits
- Class 2: Short-term receivables, cash
- Class 3: Capital
- Class 4: Long-term provisions & liabilities
- Class 5: Expenses
- Class 6: Revenue
- Class 7: Financial income
- Class 8: Financial expenses
- Class 9: Operational accounting

**Accounts:** 3-digit base accounts (standardized), 4-5 digit analytical accounts (company-specific)

## Financial Statement Filing

**Institution:** APR (Agencija za privredne registre)
**URL:** https://www.apr.gov.rs
**Deadline:** June 30
**Required Statements:**
- Balance Sheet (Bilans stanja)
- Income Statement (Bilans uspjeha)
- Cash Flow Statement (large entities only)
- Statement of Changes in Equity (large entities only)

**Document Retention:** 10 years

## Bank Integration

**Format:** ISO 20022 (CAMT.053 for statements, pain.001 for payments)
**Instant Payments:** IPS Serbia (1-second settlement)
**SEPA:** Full member since May 2025

## Accounting Standards

**Mandatory:** IFRS (International Financial Reporting Standards) for large entities and PIEs (Public Interest Entities)
**Optional:** IFRS for SMEs for smaller entities
**Fallback:** Serbian accounting regulations for micro entities

## Key Dates

| Event | Deadline |
|-------|----------|
| VAT return | 15th of following month |
| CIT advance payment | Quarterly |
| CIT annual return | June 30 |
| Financial statements filing | June 30 |

## Implementation Notes

- **Package:** `@bilko/country-rs`
- **SEF integration:** Priority for B2B launch
- **Pausal regime:** Important for small business market
- **Serbian language:** Latin and Cyrillic script support needed