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Here you’ll find the most frequently asked questions we receive from our clients. See if your question is listed, and if you don’t find what you’re looking for, reach out to us — we’re here to help.
How does the process of establishing a sole proprietorship (flat-rate taxpayer) or an LLC work?
To establish a sole proprietorship (flat-rate taxpayer), you need to select the appropriate activity code, choose a business name, and check the APR public registry to ensure no other company in Serbia has the same name. You also need to provide a registered business address, contact phone, email, and the founder’s ID.
To establish an LLC, in addition to the above, you need a Platinum card for online payment of the registration fee, as LLCs are established exclusively electronically via the official APR portal. As your accounting agency, we can guide you through the entire process — from document preparation to registration.
Which legal form is most suitable for me — flat-rate taxpayer, standard bookkeeping entrepreneur, or LLC?
Flat-rate taxpayer: Most advantageous if your annual revenue does not exceed 6 million RSD. Benefits include fixed costs for taxes and contributions, minimal administration, no requirement to justify cash withdrawals, and fast business registration and closure. Transition to standard bookkeeping is mandatory if revenue exceeds 6M RSD in a calendar year; if revenue exceeds 8M RSD in the last 365 days, you automatically enter the VAT system.
Entrepreneur with standard bookkeeping: Suitable if you have higher expenses such as materials, equipment, rent, or transport; revenue is also higher, but you want to optimize it. Benefits include paying taxes on profit (income minus expenses) with no revenue limits. Administrative workload and accounting costs are higher compared to flat-rate taxation.
LLC (Limited Liability Company): Best for more serious businesses, partnerships, and working with large companies or international clients. Key advantage: separation of personal and company assets. Drawbacks: higher corporate income tax (15%) and dividend tax on profit distribution (15%), compared to a standard entrepreneur who pays 10% and freely manages the remaining profit.
What counts as deductible expenses in the tax balance?
Business expenses can only be costs directly or indirectly related to your business and supported by a valid invoice or other relevant documentation. Without documentation, the expense is not deductible. Personal expenses are not recognized unless clearly documented as business-related (e.g., a business lunch with a partner, which is deductible at 0.5% of revenue).
Who needs a fiscal cash register?
According to the 2022 e-Fiscalization Law, every business dealing with physical persons must have a fiscal cash register. Exceptions include taxi drivers and lawyers. Your authorized e-fiscalization service provider will supply the equipment, handle installation, and provide instructions and training.
How is the price of accounting services determined?
Accounting fees depend on several factors: volume of work, complexity, responsibility, document volume, number of employees, type of activity, import/export, fixed assets, and VAT procedures. Our pricing system is transparent and client-oriented, offering flexible packages for entrepreneurs and LLCs. You can schedule a consultation with an accountant or send an online inquiry — you will receive a response within 24 hours.
What are the deadlines for paying taxes and contributions?
Flat-rate taxpayers and self-assessing entrepreneurs: taxes and contributions are due by the 15th of the month for the previous month.
Corporate income tax (LLC): advance payments due by the 15th of the month.
VAT: due by the 15th of the month.
Payroll taxes and contributions (employees and entrepreneurs receiving salaries): due by the end of the current month for the previous month.
Taxes and contributions for founders without employment: due by the 15th of the month.
How does changing the insurance base or taxation method work?
Changes to the entrepreneur’s insurance base or taxation method must be submitted to the Tax Administration within the prescribed deadlines and take effect on January 1 of the following calendar year. It is crucial to notify your accountant in advance, as very few changes can be implemented immediately.
Have a Question? We Have the Answer.
Whether you need an accountant for an LLC, flat-rate taxpayer, or sole proprietorship, or whether you are just starting your business or already have a company — contact us.
Not sure where to start? We’re here to help. Schedule a meeting and receive all the guidance you need.
If you prefer the online option, send us an inquiry via our contact form.
Send an Inquiry and Receive a Response Within 24 Hours
Do you have a business question and need accounting assistance? Fill out the form, and you’ll receive a response directly to your email as quickly as possible. For detailed advice and solutions, schedule a meeting with our experts via the calendar.
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You don’t have to be a tax expert — just know who to trust.