Business Tax - Ernst & Young - Serbia

Business Tax Services

Our Business Tax services are designed to meet your business tax compliance and advisory needs in Serbia.

Managing tax issues can be complex, particularly when you are trying to juggle strategy, compliance, planning and risk. Our Tax team can assist you in taking the right decision at the right time.

We specifically assist you with:

• Day-to-day tax advisory services in respect of all applicable taxes in Serbia, with emphasize on most important ones, i.e. VAT and Corporate Income Tax.

Initiatives to reduce costs or expand into new markets can have a significant impact on the company's management processes. Tax planning is rarely incorporated into such business decisions. Whenever integrated, it leads to considerable tax savings. Our Tax team assists multinational companies undergoing business transformation to maximize gains by simultaneously optimizing their tax structures.

We can also assist you in identifying opportunities for tax planning and support you when dealing with VAT, customs and excise duty issues. Our VAT specialists can provide advice on structuring your operations in order to ensure optimum tax advantages, which helps reduce costs.

• Preparation or review of your tax returns:

-          Annual tax returns (Corporate Income Tax  and Property tax returns)

-          Monthly/quarterly tax returns (VAT)

-          Ad hoc tax returns (Withholding tax)

• Tax "health check" services

Due to the arguable consistency of Serbia's tax framework and approach of the tax authorities, companies often encounter difficulties in supervising and keeping up with their tax-related procedures in an effective manner. Periodic tax health-checks provide the management with reliable guidelines on revising internal procedures to ensure full compliance with tax regulations. Information acquired from tax health-checks enable the management to keep a clean tax record.

• Tax litigation services

Tax legislation and its practical implementation in an emerging market such as Serbia can be a challenging task. Moreover, legal provisions are frequently subject to conflicting interpretations. Quite often, this leads to different interpretations of legal provisions by both taxpayers and the tax authorities, resulting in numerous litigations on tax related matters. Failure to meet legal obligations usually results in the reassessment of tax liabilities and, possibly, the imposition of related late payment penalties.

Our Tax Litigation team can provide you with both experience and expertise whenever you need representation before various judicial authorities as well as advice on taking legal remedies forward.