{"id":477,"date":"2020-08-03T10:14:51","date_gmt":"2020-08-03T10:14:51","guid":{"rendered":"https:\/\/www.advokatibeograd.rs\/en\/?p=477"},"modified":"2026-05-08T08:42:02","modified_gmt":"2026-05-08T08:42:02","slug":"new-government-economic-incentives-to-legal-entities-in-the-struggle-against-covid-19","status":"publish","type":"post","link":"https:\/\/advokatibeograd.rs\/en\/new-government-economic-incentives-to-legal-entities-in-the-struggle-against-covid-19\/","title":{"rendered":"New Government Economic Incentives to Legal Entities in the Struggle against COVID-19"},"content":{"rendered":"<p>&nbsp;<\/p>\n<p style=\"text-align: justify;\">On July 30, 2020, the Government of the Republic of Serbia adopted a decision regarding direct benefits and fiscal benefits to legal entities in the private sector, which refers to the second aid package for the economy, with the aim of mitigating the economic consequences caused by COVID-19.<\/p>\n<p style=\"text-align: justify;\">This package includes the payment of 60 percent of the minimum wage for two months, as well as the postponement of taxes and contributions on wages for one month.<\/p>\n<p style=\"text-align: justify;\">The mentioned measures will be implemented immediately, so that the first EUR 155 will be paid by August 10, 2020, while the second installment of the payment will be executed in September.<\/p>\n<p>&nbsp;<\/p>\n<ol>\n<li><em><u>Who is eligible for new government direct benefits and fiscal benefits?<\/u><\/em><\/li>\n<\/ol>\n<ul>\n<li>All <strong>micro, small and medium<\/strong> size companies, including the companies established from March 15, 2020 to July 20, 2020;<\/li>\n<li>Entrepreneurs;<\/li>\n<li><strong>Branch offices<\/strong> and <strong>representative offices<\/strong> of foreign companies;<\/li>\n<li>All legal entities established before March 15, 2020, which did not use the first package of financial benefits.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ol start=\"2\">\n<li><em><u>Are the companies established <strong>after <\/strong>March 15, 2020 eligible for funding?<\/u><\/em><\/li>\n<\/ol>\n<ul>\n<li>Yes, the companies established <em>March 15, 2020 to July 20, 2020 are eligible for funding.<\/em><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ol start=\"3\">\n<li><em><u>What are the specific requirements for <strong>large companies<\/strong>?<\/u><\/em><\/li>\n<\/ol>\n<ul>\n<li>Large companies must submit the list of employees by August 15, confirming that the number of employees has not been decreased by 10%;<\/li>\n<li>Large companies cannot pay dividends until the end of 2020. Dividends include any payments made by a legal entity to its owners when the payment is based on ownership of shares or ownership stake in the entity;<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ol start=\"4\">\n<li><em><u>Conditions for use of second aid package for the legal entities which have used the first aid package:<\/u><\/em><\/li>\n<\/ol>\n<ul>\n<li>The funds based on first aid package of direct payments have been paid as of August 15, 2020, since the payment of the funds cannot be transferred to a new period;<\/li>\n<li>The number of employees cannot be reduced by more than 10% in relation to the day March 15, 2020, until December 10, 2020. Otherwise, the legal entities will lose the right to direct benefits received in August and September.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ol start=\"5\">\n<li><em><u>Deadline for use of the second aid package:<\/u><\/em><\/li>\n<\/ol>\n<ul>\n<li>The funds received must be distributed to employees no later than <strong>October 31, 2020.<\/strong> After the expiration of this deadline, the special purpose accounts will be closed, and the unused funds will be returned to the budget of Republic of Serbia.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ol start=\"6\">\n<li><em><u>What is the total amount of funds per one legal entity?<\/u><\/em><\/li>\n<\/ol>\n<ul>\n<li>EUR 310 <strong>per <\/strong>employee per <strong>one<\/strong> legal entity.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ol start=\"7\">\n<li><em><u>Does the company account have to submit new request for the second aid package?<\/u><\/em><\/li>\n<\/ol>\n<ul>\n<li>No, the funds will be paid directly to the special COVID 19 bank accounts of legal entities.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ol start=\"8\">\n<li><em><u>Do the company accountants have to modify tax returns for June and July?<\/u><\/em><\/li>\n<\/ol>\n<ul>\n<li>No, the funds will pe paid independently from the tax returns submitted by the company accountants.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ol start=\"9\">\n<li><em><u>What are the fiscal benefits for companies, Is the payment of <strong>salary tax and social contributions <\/strong>delayed? Will the fiscal benefits include the <strong>postponed payment of income tax advances <\/strong>that are due in August?<\/u><\/em><\/li>\n<\/ol>\n<ul>\n<li>Yes, the payments of salary tax and social contributions due in August s delayed until January 5, 2021.<\/li>\n<li>The fiscal benefits do NOT include the postponed payment of income tax advances.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; On July 30, 2020, the Government of the Republic of Serbia adopted a decision regarding direct benefits and fiscal benefits to legal entities in the private sector, which refers to the second aid package for the economy, with the aim of mitigating the economic consequences caused by COVID-19. This package includes the payment of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[4],"tags":[],"class_list":["post-477","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/advokatibeograd.rs\/en\/wp-json\/wp\/v2\/posts\/477","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/advokatibeograd.rs\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/advokatibeograd.rs\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/advokatibeograd.rs\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/advokatibeograd.rs\/en\/wp-json\/wp\/v2\/comments?post=477"}],"version-history":[{"count":2,"href":"https:\/\/advokatibeograd.rs\/en\/wp-json\/wp\/v2\/posts\/477\/revisions"}],"predecessor-version":[{"id":1609,"href":"https:\/\/advokatibeograd.rs\/en\/wp-json\/wp\/v2\/posts\/477\/revisions\/1609"}],"wp:attachment":[{"href":"https:\/\/advokatibeograd.rs\/en\/wp-json\/wp\/v2\/media?parent=477"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/advokatibeograd.rs\/en\/wp-json\/wp\/v2\/categories?post=477"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/advokatibeograd.rs\/en\/wp-json\/wp\/v2\/tags?post=477"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}