Tax Alert

Serbia, Issue 4, January 2013

Rulebook on Informative In mative Tax Return

Based on the Law on Tax procedure and tax administration, administration the Ministry of Finance and Economy promulgates Rulebook on informative tax return (Official Gazette of the Republic of Serbia, No. 117/2012, 117/2012 and 118/2012). Rulebook on informative tax return defines tax application form, individuals required to submit the informative tax return, as well as procedure and deadline for submitting the tax return.

Dependent m members
The he dependent members of family supported by a taxpayer shall be understood to mean the following persons: the spouse, parents, natural children, adopted ed children and adoptive parent.

Subject of the return

The informative tax return consists of the following data of the property property: immobility: : all types of land, growing crops (orchards and vineyards), buildings, separate parts of buildings, garages and garage places outside the building, sports facilities (stadiums, halls, pools and others) and fields; stock and shares in a legal entity; equipment for conducting activities owned by the tax payer regardless whether the equipment is used for conducting activity; motor vehicles, vessels and aircraft; savings deposits eposits and cash; other property rights: immovable property law (usufruct right, the right of use, right of timesharing, the right of long-term lease, construction land usage right); copyrights on written work, dramatic work, dramatic dramatic-musical works, works of music or film, fine art works, computer program and rights related to copyrights (performers right, phonogram producers rights, videogram producers rights, broadcast producers rights and database producers rights); patent, brand, model, sample, geographic origin and technical innovation rights; licences; right of ownership of other movable property with value greater than 100.000 RSD individually.

Informative tax return

Informative tax return is a tax application form in which the tax payer individual who is required to submit the tax return, declares declare all his and his dependents property including data of special importance for the fiscal interest of Republic of Serbia.

Tax payers
The individual required to submit the tax return is any individual whose property in the country and abroad is worth more than RSD 35 million estimated on January 1st, 2013, 2013 under the provisions of the Personal Income Law and Property Law.

The payer of individual income tax is a natural person who is:

a resident of the Republic of Serbia, on the revenue earned in the territory of the Republic of Serbia, in the other republic and abroad. a non-resident resident on the revenue earned in the territory of the Republic of Serbia.

Informative tax return submission

Informative tax return has to be submitted in the period starting from 15 January until 31 March 2013, 2013 containing value of the entire property applied on January 1st, 2013. Informative tax return is submitted on the tax application form IPP, which consists of two forms: IPP-I (Overall property data form) and IPP-II (Dependence overall property data form). If you would like more information on this subject or if you need an advice, you can contact us via e-mail e or telephone.

Key Contacts
Krzysztof Lipka
Partner krzysztof.lipka@rs.pwc.com Tel: + 381 11 33 02 100

Ivana vana Velickovic

Senior Manager ivana.velickovic ivana.velickovic@rs.pwc.com Tel: + 381 11 33 02 100

Tijana Djurovic

Consultant tijana.djurovic@rs.pwc.com @rs.pwc.com Tel: + 381 11 33 02 100

PwC Serbia
Omladinskih brigada 88a 11070 Belgrade Tel: + 381 11 33 02 100 www.pwc.rs/tax www.pwcacademy.rs

Jelena Prica

Consultant jelena.prica@rs.pwc.com @rs.pwc.com Tel: + 381 11 33 02 100

This Tax Alert is produced by PwC Serbias Tax and Legal Departments Legal Disclaimer: The material contained in this alert is provided for general information purposes only and does not contain a comprehensive analysis of each item described. Before taking (or not t taking) any action, readers should seek professional advice specific to their situation. No liability is accepted for acts or omissions taken in reliance upon the contents of this alert. 2013 PricewaterhouseCoopers Consulting d.o.o. All rights reserved. PwC refers to the Serbian firm of PricewaterhouseCoopers Consulting d.o.o. or, as the context requires, the network of member firms of PricewaterhouseCoopers International Limited, each of which is a separate and indepe independent legal entity.