Transfer pricing in Serbia

Eurofast organised a transfer pricing seminar on March 6th at Metropol Palace in Belgrade for issues involving Transfer Pricing compliance in Serbia.

- Our Transfer Pricing Advisor Anastasia Sagianni with significant experience and know-how in Transfer Pricing analysed the requirements and procedure to Transfer Pricing Regulations that are now in force in Serbia, which triggered many questions from businesses working directly or indirectly in the country - Eurofast said in a release.

In Serbia the transfer pricing legislation follows the OECD Guidelines and requires that transactions between related parties should be carried out in an arm’s length basis.

The Serbian tax authorities through the TP Rulebook that was published on 12 July 2013 in Official Gazette of RS no. 61/2013, determine the general principles of TP in Serbia.

- Taxpayers should have the appropriate TP documentation in place in order to defense their policies. Internationally, Transfer Pricing has become one of the most significant tax issues affecting many companies. Tax Authorities on a global scale are showing growing interest about Transfer Pricing - Eurofast explains in its release.

The annual global survey of multinational CFOs conducted by Taxand, the world’s largest global organisation of tax advisors to multinational businesses, has shown that multinationals are suffering from increasingly confusing messages around tax legislation by regulators and governments worldwide.

As many as 74% said that regular political discussion around potential new tax measures is causing uncertainty amongst business decision makers.

The survey revealed that 20% of respondents, the biggest proportion of responses by some margin, confirmed transfer pricing as the most challenging aspect of global taxation.

For a copy of the Taxand annual global survey please visit the website www.eurofast.eu.