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Accounting in Serbia

Updated on Sunday 19th August 2018

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Accounting-in-Serbia.jpgAbout 145,000 companies and around 242,000 sole proprietorships are registered in Serbia and are activating in a wide range of fields, according to Serbian Business Registers Agency. Since 2005, the government in Serbia managed to ease the business environment, to eliminate the administrative issues and to encourage the foreign investment sector. Due to a high number of companies in Serbia, whether subsidiaries, branches or local firms, the accounting legislation oversees how these legally operate under established values. Any company needs accounting services in order to control the financial activities among many others. We mention that our specialists in company incorporation Serbia are at your disposal for information about how companies should align with the accounting methods.
 

Types of accounting services for companies in Serbia

 
Businesses in Serbia are advised to use accounting services, a matter where our Serbian consultants can help. Among these, the following are mandatory for a company in Serbia:
 
  • VAT registration and filings;
  • payroll;
  • bookkeeping;
  • accounts record for businesses registered in Serbia;
  • tax minimization strategies, if necessary.
 
The Commercial Code and the Company Act are two of the most important sets of laws which control the activities of firms in Serbia. If you need accounting services for your business, we suggest you address our Serbian accountants.
 

Bookkeeping in Serbia

 
Once the company is active on the Serbian market, the bookkeeping services must be considered too. Our team can provide you with the following:
 
recording the incoming and outgoing invoices in the book;
preparing and drafting the documents for VAT return;
offering support and assistance with the tax authorities in Serbia;
providing help with related accounting requirements for the company.
 
We also mention that our team of accountants can offer payroll services linked to the wages calculation, social contributions, and taxes, or registration of employees in a Serbian firm. On request, your company can receive tax consulting and tax minimization solutions in order to reduce the tax liabilities as much as possible. Please consider that audits in Serbia can be performed by our team.
 

What is an accounting report?

 
The accounting operations in a company are normally kept in a journal, with attention to the order in which they are recorded. This journal plus annexes (if any) will stand at the base of the financial reports necessary for yearly submission with the authorities in charge. The accounting report is comprised of information about the liquid assets, financial standing, income statements, and any change related to the capital of the company.
 

Where do I file the financial report for my company in Serbia?

 
Companies in Serbia need to submit the financial reports with the National Bank of Serbia at certain dates. For instance, medium and large companies with establishments in Serbia must file the reports by the end of April, and small firms by the end of February.
 

Other accounting services for your firm in Serbia

 
Our experienced accountants in Serbia are at your disposal with assistance and information, if you would like to have a separate accounting for your firm through an externalized agency. We can handle the tax planning and consultancy in respect to the financial targets of your business which might involve the profit and loss calculation, plus complete control of your tax accounts.
 
If you want to know more about the accounting services we can provide for your company in Serbia, whether local or established with foreign capital, we invite you to contact our team of company formation agents in Serbia.
 
 
 

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