TAXATION
We provide to clients comprehensive and highly specialized tax support in their business endeavors, through tax planning in all types of local and cross-border transactions, through risk control, as well as reduction of tax costs in accordance with legislation. We represent clients before the Tax Administration in the course of tax controls, and in all phases of respective administrative and court proceedings.
News
→ Tax Credit Based on Investments in Alternative Investment Fund (AIF)
→ New “arm’s length” interest rates applicable for 2024
→ New “arm’s length” interest rates applicable for 2023
→ Latest Amendments to the Rulebook on Value Added Tax regarding Issuance of E-invoices
→ Temporary Resolutions of Tax Administration for year 2017 – cause and consequences
→ New “arm’s length” interest rates applicable for 2022
→ Tax status of freelancers under new legal solutions and future expectations
→ Decrease of annual personal income tax for persons younger than 40
→ Unified Rulebook on Value Added Tax
→ Treaty on Avoidance of Double Taxation between Serbia and Hong Kong
→ Freelancers’ tax status in the Republic of Serbia
→ Implementation of the Law on Origin of Property and Special Taxation
→ New “arm’s length” interest rates applicable for 2020
→ Guideline for Application of the Independence Test for Entrepreneurs
→ Agreement on implementation of FATCA regulations between Serbia and USA
→ New “arm’s length” interest rates applicable for 2019
→ Amendments of Tax Laws - VAT and Tax Procedure
→ New rules on taxation of non-resident legal entities
→ “Arm’s length” interest rates for 2018
→ Tax Evasion and Amendments to the Criminal Code of the Republic of Serbia
→ New “arm’s length” interest rates applicable for 2021
→ Legal and tax framework for digital property in the Republic of Serbia
→ Serbian business environment for performing video production
ENERGY
We possess considerable and long-term experience in handling all legal and tax matters concerning energy supply and infrastructure, from licensing process, executing bilateral or power exchange transactions, to construction and resolving property status of energy assets. We also have excellent communication with representatives of the System Operators, the Energy Agency, and the Ministries, as well as with independent energy experts.
News
→ Lifting the Moratorium on Nuclear Power Plants in the Republic of Serbia
→ Postponement of the grid connection for powerplants that use variable renewable energy sources
→ Trade in Guarantees of Origin – Legal Framework and VAT Regime
→ New Gas Interconnector between the Republic of Serbia and the Republic of Bulgaria
→ Launch of Intraday organized electricity market at SEEPEX
→ Amendments to the Law on Utilization of Renewable Energy Sources
→ Amendments of the Serbian Market Code – new amount of the collateral for market participants
→ First energy license in Serbia for management of Closed Distribution System
→ Introducing Auction for Incentivizing Production of Electric Energy from Renewable Energy Sources
DIGITAL ASSETS
We provide support regarding the harmonization of business conduct with the provisions of the Law on Digital Assets and accompanying regulations, both in terms of optimizing services related to digital assets, and protection of rights when digital assets may be subject to taxation. We represent clients before commercial banks and competent state authorities in order to effectuate rights and tax exemptions for transactions related to digital assets in the Republic of Serbia and abroad. We keep pace with current bylaws and practices, as well as emerging stances in the field of digital assets.
News
→ Legal and tax framework for digital property in the Republic of Serbia
CORPORATE LAW
We provide full legal support to business entities concerning incorporation, organization of governance structure, statutory compliance, preparation and analysis of corporate documentation, drafting of commercial contracts and assistance with their implementation.
News
→ New “arm’s length” interest rates applicable for 2024
→ New “arm’s length” interest rates applicable for 2023
→ New “arm’s length” interest rates applicable for 2022
→ Commercial relations between the Russian Federation and the Republic of Serbia in 2022
→ New “arm’s length” interest rates applicable for 2021
→ Damage Compensation due to Pandemic of Coronavirus Disease 2019 (“COVID – 19“)
→ New “arm’s length” interest rates applicable for 2020
ADMINISTRATIVE LAW
Our activities encapsulate representing clients in all administrative proceedings before state and municipal bodies and regulatory agencies, as well as in disputes before the Administrative Court. Administrative law is the essence of state apparatus, and efficient protection of clients’ rights in these proceedings is of crucial importance for successful business operations.
→ Postponement of the grid connection for powerplants that use variable renewable energy sources
→ Launch of Intraday organized electricity market at SEEPEX
→ Amendments to the Law on Utilization of Renewable Energy Sources
→ Amendments of the Serbian Market Code – new amount of the collateral for market participants
→ Introducing Auction for Incentivizing Production of Electric Energy from Renewable Energy Sources
→ Agreement on implementation of FATCA regulations between Serbia and USA
DISPUTE RESOLUTION
We represent clients in complex civil and commercial litigation proceedings, as well as before arbitrations, and we also mediate in amicable settlement of disputes. In addition, we possess extensive experience in enforcement proceedings before courts and public enforcement officers, for the purpose of debt collection.
News
→ Damage Compensation due to Pandemic of Coronavirus Disease 2019 (“COVID – 19“)
CRIMINAL LAW
We represent defendants in all phases of criminal proceedings. We are specialized for defending clients notably in cases of financial crimes, thanks to extraordinary knowledge of legislation and courts’ practices, and many years of experience in these proceedings.
News
→ Tax Evasion and Amendments to the Criminal Code of the Republic of Serbia
→ Implementation of the Law on Origin of Property and Special Taxation
REAL ESTATE
We work with clients in all stages of construction and real estate transactions, from negotiations to transfer of ownership, or completion of project. Our support includes comprehensive legal and tax analysis, as well as representation of clients before business partners and administrative bodies (cadaster, secretariats, directorates, etc.) for the purpose of acquiring ownership, lease of real estate, land use, construction and development.
BANKING TRANSACTIONS
We represent clients before domestic and foreign financial institutions in the processes of opening current accounts as well as special purpose accounts (escrow), registering foreign credits and loans, analyzing legal and tax aspects of all types of cross-border financial transactions, project financing, and negotiations related to banking products.
→ Agreement on implementation of FATCA regulations between Serbia and USA
→ First energy license in Serbia for management of Closed Distribution System
EMPLOYMENT
Our legal support includes drafting and analysis of employment related documentation (contracts, rulebooks etc.), advising clients on modalities for engagement of workforce, including directors, regulating temporary stay and work permits for foreign citizens and their tax residency, as well as representation in employment related disputes.
→ Amendments to the Law on Foreigners and the Law on Employment of Foreigners
→ Damage Compensation due to Pandemic of Coronavirus Disease 2019 (“COVID – 19“)
INTELLECTUAL PROPERTY
We provide comprehensive legal support to clients with the aim that their ideas, creative and artistic works, technical innovations and inventions, company’s brands and products, are formally and legally protected as their copyright or industrial property right (trademark, patent, industrial design or indication of geographical origin). We possess substantial experience in representing clients before the Intellectual Property Institute of the Republic of Serbia and competent Courts, as well as in drafting contracts in the field of intellectual property rights.
News
→ Legal and tax framework for digital property in the Republic of Serbia
→ New decree on incentives for production of audiovisual works for 2018
→ Serbian business environment for performing video production