#

Ease of Doing Business in

Serbia

Serbia Download Profile (1742.2KB, pdf)
Region Europe & Central Asia
Income Category Upper middle income
Population 7,098,247
GNI Per Capita (US$) 5,500
City covered Belgrade

190

1

DB 2017 Rank

1

100

DB 2017 DTF (% points)

  • local_library
  • group
Topics DB 2017 Rank DB 2016 Rank info_outline Change in Rank DB 2017 DTF (% points) info_outline DB 2016 DTF (% points) info_outline Change in DTF (% points) info_outline
Overall 47 54 up
7
72.29 69.58 down
2.71
Starting a Business 47 62 up
15
91.67 88.94 up
2.73
Dealing with Construction Permits 36 152 up
116
76.30 56.89 up
19.41
Getting Electricity 92 73 down
19
69.93 72.39 down
2.46
Registering Property 56 72 up
16
71.31 66.95 up
4.36
Getting Credit 44 42 down
2
65.00 65.00
-
Protecting Minority Investors 70 69 down
1
56.67 56.67
-
Paying Taxes 78 98 up
20
74.36 69.90 up
4.46
Trading across Borders 23 24 up
1
96.64 96.64
-
Enforcing Contracts 61 53 down
8
61.41 63.96 down
2.55
Resolving Insolvency 47 48 up
1
59.66 58.52 up
1.14

Positive= Doing Business reform making it easier to do business.Negative= Change making it more difficult to do business.

DB 2017 Rank:

78

DB 2016 Rank:

98

Change in Rank:

up20

DB 2017 DTF (% points):

74.36

DB 2016 DTF (% points):

69.90

Change in DTF (% points):

up4.46

Indicator Serbia Europe & Central Asia OECD high income
Payments (number per year) info_outline 33 17.6 10.9
Time (hours per year) info_outline 225.5 221.5 163.4
Total tax rate (% of profit) info_outline 39.7 33.8 40.9
Postfiling index (0-100) info_outline 94 71.2 85.1
Tax or mandatory contribution Payments (number) Notes on Payments Time (hours) Statutory tax rate Tax base Total tax rate (% of profit) Notes on TTR
Social security - employer 1 online 103 17.9% gross salaries 20.19
Corporate income tax 1 online 38 15% taxable profits 16.01
Property tax 4 0 0.4% property value 1.95
Property transfer tax 1 2.5% sale price 1.52
Environmental tax 1 RSD 306 ton of waste 0.03
Environment protection and enhancement fee 12 RSD 2.64 square meter of qualifying real estate 0.01
Other municipality charges 12 variable various 0.00 small amount
Employee paid - Social security and personal income tax 0 jointly 19.9% gross salaries 0.00 withheld
Value added tax (VAT) 1 online 85 20% value added 0.00 not included
Totals: 33 225.5 39.7
  • Answer
    Profit tax (% of profit) 16.0
    Labor tax and contributions (% of profit) 20.2
    Other taxes (% of profit) 3.5
    Answer Score
    Postfiling index (0-100) 94.0
    VAT refunds 92.0
    Does VAT/GST exist? Yes
    Frequency of VAT/GST refund submission monthly
    Does a VAT/GST refund process exist per the case study? Yes
    Restrictions on VAT refund process None
    Likelihood of VAT audit Highly Likely
    Time to comply with VAT refund (hours) 4.0 92.0
    Time to obtain a VAT refund (weeks) 8.2 90.4
    Corporate income tax audits 93.6
    Does corporate income tax exist? Yes
    Likelihood of corporate income tax audit Unlikely
    Time to comply with a corporate income tax audit (hours) 5.0 93.6
    Time to complete a corporate income tax audit (weeks) 0.0 100.0
    Administrative appeal process
    First level administrative appeal authority Tax Administration of Republic od Serbia.
    Is the appeal authority independent? Different auditor
    Are appeal guidelines accessible to the public? Yes
    Source of appeal guidelines online/in printed publication/others
    Is there a legal time limit for the appeal authority to issue a decision on the tax appeal? Yes
    Legal time limit 60 days

Notes:

Name of taxes have been standardized. For instance income tax, profit tax, tax on company's income are all named corporate income tax in this table.

The hours for VAT include all the VAT and sales taxes applicable.

The hours for Social Security include all the hours for labor taxes and mandatory contributions in general.

The postfiling index is the average of the scores on time to comply with VAT refund, time to obtain a VAT refund, time to comply with a corporate income tax audit and time to complete a corporate income tax audit.

N/A = Not applicable.