Serbia’s Ministry of Finance has issued the rulebook on arm’s length interest rates for 2024. It was published in the official gazette on 31 May, 2024, and will take effect on 8 June, 2024.

The rulebook sets distinct interest rates for long-term and short-term borrowings applicable to all non-financial entities, banks, and finance leasing companies. However, banks and finance leasing companies are prescribed a single interest rate.

This year’s rulebook highlights a rising trend in interest rates compared to 2023.

These interest rates can be used by taxpayers to calculate corporate income tax for fiscal year 2023 and to adjust expenses and incomes between related parties.

Interest rates from Article 1 for banks and financial leasing providers:

1.  5.02% on short-term loans in RSD
2.  5.16% on long-term loans in RSD
3.  4.31% on loans in EUR and RSD loans indexed in EUR
4.  5.02% on loans in USD and RSD loans indexed in USD
5. 2.80% on CHF loans and RSD loans indexed in CHF
6. 4.19% on loans in SEK and RSD loans indexed in SEK
7. 1.88% on loans in GBP and RSD loans indexed in GBP
8. 2.42% on loans in RUB and RSD loans indexed in RUB
9. 4.55% on loans in CNY and RSD loans indexed in CNY

Interest rates from Article 1 for other companies:

1. 7.57% on short-term loans in RSD
2. 8.30% on long-term loans in RSD
3. 6.12% on short-term loans in EUR and RSD loans indexed in EUR
4. 6.23% on long-term loans in EUR and RSD loans indexed in EUR
5. 7.54% on short-term loans in CHF and RSD loans indexed in CHF
6. 8.20% on short-term loans in USD and RSD loans indexed in USD
7. 4.25% on long-term loans in USD and RSD loans indexed in USD