BDO Serbia - Tax Advisory Services and Consulting

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Tax Advisory Services and Consulting

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Our tax advisory practice encompasses a wide range of services we offer to our clients coming from different industries. We provide full support to both the clients commencing their business activities, instructing them in their first steps on domestic or foreign market, and multinational companies with complex activities throughout the world.

Our cooperation with other BDO member firms in the world enables us to provide all-inclusive tax advisory services.

With the assistance of our international network, in the aim of decreasing our clients’ tax load, we constantly develop our ideas and other tax solutions adapted to our client’s needs, which are based on the structure of the business subject and understanding of its operations.

Why BDO Serbia tax advisory and consulting?

Our team is made of experts for implementation of tax regulations in Serbia;

We are a part of the BDO, which is present in 110 countries world wide, which gives us a quick approach to local tax regulations of all countries.

We hire economists and law experts, who constantly build up their knowledge through trainings, on local and international level.

The majority of our tax consultants have over 15 year of active experience in the tax field, gained in Tax governance, working on the controls of the calculations of public earnings, with the business entities operating in different fields.

Besides the Tax governance, and thanks to our excellent contacts, we are able to advice you on the practice of the tax authorities in specific matters.

Tax system of the Republic of Serbia is very large, vague and subject to frequent changes. By reason of illustrating the complexity of the Tax system in the Republic of Serbia, we are going to provide you with some evident information:

At the moment there are 13 tax laws, 14 acts, 85 rules and 56 types of tax applications

On the official Ministry of Finance website, in the period from 1 January 2005 to 30 November 2009, over 2,400 regulations were published from the field of tax laws, out of which, over 1,000 relating to VAT. All the published opinions are active.

It is almost impossible for you to keep track and be aware of all relevant laws and by-laws in addition to all your current business activities, especially since they envisage the violation and criminal responsibility. Our employees are informed of the current changes and specifics of each industry sector at any moment.

I. General services of tax consulting:

Optimization of tax loads during the statutory changes (merger, acquisition, selling of stakes, shares, etc) and during the planning of numerous transaction;

The diagnostic company inspections from the tax aspects for the needs of potential buyers (tax due diligence);

Identification of the related taxes during specific financial transactions (finished and future);

Tax planning of the complete business;

Tax planning of the transaction with the foreign countries;

Questions related to hiring non-residents;

Tax audit and control of intern tax procedures;

Contract overview and overview of significant transactions with the analysis of the tax implications;

Providing expert opinions in regard of specific transactions and rule interpretation;

Urgent telephone support for basic tax questions;

Acquaint services in regard of current changes of tax regulations

II. International tax planning

We are giving you the opportunity to optimize your tax transactions through us, as your tax advisor, on the international level, by the agreement on avoiding double taxation, as well as by other mechanisms. Our team of tax advisors is comprised of highly trained professionals qualified for business and personal tax planning.

We shall enable you to perform operations efficiently outside the territory of the Republic of Serbia, in the aim of maximizing and utilizing tax relieves, i.e. minimizing tax loads of subsidiaries.

III. Direct taxation

Taxation of natural entities

Taxation of employee remunerations which have the character of payroll planning

Identification of the types of taxes a certain transaction with physical and legal entities is subject to

Income taxes

Tracking the company’s compliance with the legislature of the Republic of Serbia

Expert services on preparation of the Tax Balance and other accompanying tax forms

Providing advise in the field of transfer prices, possibilities for using tax reliefs

Creating the tax balance and other accompanying forms according to the provisions of the local tax regulations

IV. Indirect taxation

Advisory services in the application of regulations with regard to value added tax and excise duties

Examination of possible options at settling client’s tax liabilities with regard to value added tax, customs and excise duties

Preventive control of the data stated in monthly VAT returns

Expert opinions related to taxation various transactions

Expert help in regards to law “medication” after tax governance control

Preparation of the objections to the records and complaints on the tax governance in your name.

V. BDO Serbia also provides the following services to its clients:

Monitoring the operations and compliance of the businesses with the current tax regulations regarding all kinds of taxes

Training for the client’s management structures in all kinds of taxes

Registration and taxation of expatriates

Below are some of our tax clients:

BNP Paribas • Sarls, Luxemburg • GM General Motors • Takraf, Germany • SBB Belgrade • Beiersdorf Belgrade • Efes Weifert pivara, Pančevo • Efes pivara Zaječar, Zaječar • Fenfort Belgrade • Deneza Inžinjering