How to Postpone Payment of Taxes and Contributions – Detailed Guideline Provided by Tax Administration

By January 15, 2021, at the latest, an information about the manner of payment of tax and contribution debts will be made available through the Tax Administration portal to all the business entities that meet the requirements, the Tax Administration announced. The information, as said, will contain the data on the total amount of the taxes and contributions owed on the account 4848 and the proscribed tax and contribution accounts for lump-sum taxpayers, the number of installments, the installment amount, the installment due date, the payee reference number and the payment account.

For the entrepreneurs who pay lump-sum taxes, the payment of four monthly advance taxes and contributions on self-employment income is postponed. For them, the payment of tax obligations is split into 24 equal monthly rates, without an interest. The first installment is due on February 10, 2021, and each next one is due on the same date in the following months.

For business entities, the postponement pertains to wage taxes and contributions and the taxes and contributions on personal income of the entrepreneurs and the agricultural entrepreneurs that opted for the postponement by filing a tax application PPP-PD with the expressed payment dates of January 4 and 5, 2021. The payment of the total amount of said tax and contribution liabilities is postponed for a maximum of 24 equal monthly rates, without an interest. In this case too, the first installment is due on February 10, 2021, and each next one is due on the same date in the upcoming months. The monthly rate cannot be lower than RSD 1,000.

– The procedure of the postponement of the payment will cover the tax debt on the account 4848 and the proscribed tax and contribution accounts for lump-sum taxpayers – the Tax Administration announced.

If a taxpayer has partially settled the tax liabilities, the postponement pertains to the remaining amount of the tax debt.

Business entities may pay the entire tax and contribution debt before the expiration of the postponement period. On the other hand, if the installments are not paid within the set deadlines, the business entity loses the right to the postponement of the payment, and the entire remaining tax and contribution debt becomes due on the date of the loss of said right.

– The competent tax organ carried out the procedure of regular and enforced collection of the remaining amount, in line with the law which regulates the tax procedure and the tax administration – the Tax Administration announced.

An example of the information can be found in this PDF file.

Poreska uprava Srbije

Tax Administration

postponement of payment of tax and contribution debts

coronavirus

Covid 19

self employment income

personal income of agricultural entrepreneurs

income tax for legal entities

tax on self employment income

lump sum taxpayers