If you invest in fixed assets
Taxpayers investing in fixed assets are entitled to a tax credit of up to 20% of the value of the investment made in that year. The tax credit is limited to 50% of estimated tax in the year of the investment. The unused portion of the tax credit can be carried forward up to 10 years.
In the year of investment, taxpayers classified as small companies are entitled to a tax credit of up to 40% of the value of their investments in fixed assets. In this case, credit is limited to 70% of assessed tax in the year of the investment. Certain industries, including agriculture, are entitled to receive a tax credit of up to 80% of investments made in purchasing fixed assets with their own financing. The unused portion of
any such credit can be carried forward for up to ten years.

If you employ new workers
Taxpayers who employ new workers are entitled to a tax credit equal to the gross salary of their new employees plus related social security contributions.

For your big investments
Taxpayers who invest over CSD 600 million (around 7.4 mill. Euro) in fixed assets and employ at least 100 new workers are not liable for corporate income tax for up to ten years, provided that those assets are used for the activities for which the taxpayer is registered.

Other incentives
Import of equipment and other assets, including construction materials representing a foreign entity, are investment exempt from customs duties. The liberalization of property laws made it possible for foreigners to own real estate.

For more information, contact us at: info@serbianfurniture.org