The Government of the Republic of Serbia has adopted the Decree on the Procedure and manner of deferring the payment of due taxes and contributions in order to mitigate the economic consequences caused by the Covid-19 pandemic.
The Decree enables economic entities, which have equipped themselves to defer maturity for the payment of taxes and contributions, to defer payment to a maximum of 24 equal monthly rates, without a special procedure and certainly without paying interest during the deferral.
The legal basis for the adoption of the Decree is contained in the provision of Article 73, paragraph 10 of the Law on Tax Procedure and Tax Administration. It stipulates that exceptionally, in order to mitigate the economic consequences caused by a pandemic, force majeure or other extraordinary event occurring during a calendar year approves the deferral of payment of due tax, i.e. overdue tax liabilities in the manner and under the conditions determined by the Government.
This Decree regulates in details the procedure and manner of deferral of payment of due taxes and contributions for compulsory social insurance, whose maturity of payments is deferred in accordance with the Decree on fiscal benefits and direct benefits to economic entities in the private sector and financial assistance to citizens. You can read the categories of economic entities, as well as the manner of postponing due obligations in the Decree. We remind you that this Decree is the result of the efforts of the Serbian Association of Employers, which, through its numerous initiatives and proposed measures since the beginning of the Covid-19 pandemic has sought additional support for all employers.