TIN is an acronym, i.e. an abbreviated name for a tax identification number. TIN is assigned to each company upon registration and remains unchanged during its existence and operations. TIN, for example, is also a mandatory element of invoices, especially important for subjects that are in the VAT system.
When you submit a request for registration at the Business Registers Agency, the Tax Administration is also electronically notified that it needs to issue a TIN certificate. The Tax Administration generates the number and sends the information to the Business Registers Agency so that the TIN confirmation is usually obtained together with the registration decision.
TIN is publicly available data and is contained in the register of business entities in the Business Registers Agency.
VAT is a general tax on consumption that is calculated and paid on the delivery of goods and the provision of services, in all stages of production and circulation of goods and services, as well as on the import of goods, unless the Law on VAT stipulates otherwise. VAT implies that at each stage of the production and trade cycle, tax is calculated and paid on that part of the value added in that stage.
The VAT tax rate can be general, which amounts to 20%, and specific, which amounts to 8%.
Registration of VAT payers is done by submitting a registration application to the Tax Administration in electronic form, namely:
1.Through the Tax Administration portal - eTaxes, by filling out the electronic form, on EPPDV form - Application for registration of value added taxpayers;
2.When registering a business entity with the Business Registers Agency (SBRA), by submitting an evidentiary application to the Tax Administration, through the SBRA, on the JRPPS form - Single registration application for the establishment of legal entities and other entities and registration in the single register of taxpayers prescribed by the rulebook governing the allocation of tax identification numbers to legal entities, entrepreneurs and other entities for the registration of which the SBRA is responsible.
All the necessary information about accessing the portal of the Tax Administration - eTaxes is available at the following address: http://www.purs.gov.rs/e-porezi/portal.html.
User instructions for submitting a VAT payer's registration application and request for deletion from the VAT payer's register in electronic form through the eTaxes portal of the Tax Administration can be found on the website of the Tax Administration
The application EPPDV form for registration of VAT payer can be downloaded from the website of the Tax Administration at: http://www.purs.gov.rs//pravna-lica/pdv/obrasci.html.
The register of beneficial owners is a public database of natural persons who are the ultimate owners of legal entities, including limited liability companies.
Beneficial owners are registered exclusively electronically, on the website of the Business Registers Agency , within 15 days from the day of registration, and the procedure is carried out free of charge.
Entrepreneurs do not need to be registered because it is understood that they are the real owners.
The existence of such records and public disclosure of the identity of the beneficial, i.e. real owner is a measure to prevent tax evasion, corruption, money laundering and terrorist financing.
The central record of real owners is kept electronically, via the Agency's website, and the user must have the following:
Companies and entrepreneurs that keep double bookkeeping are required to submit financial reports for each business year. Annual financial reports are submitted no later than March 31 each year through the portal of the Business Registers Agency, exclusively electronically. To submit the Annual Financial Report, you need a signature with a qualified electronic certificate.
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