On 30 December 2020, the Rulebooks (as the regulations are referred to in Serbia) regarding corporate income tax amendments published in the official gazette. The Rulebooks are effective retroactively for tax periods starting in 2020 including following provisions.
- Capital gains realized from the sale of digital property are not taxable if the funds obtained from the sale are invested in the share capital of a resident company or an investment fund based in Serbia during the tax period.
- Capital gains could be realized from transfer for consideration of investment fund unit, thus equalizing the treatment of open-end and closed-end investment funds.
- Income realized by non-resident legal entity based on membership in an alternative investment fund which does not have status as a legal entity, is considered to be a dividend subject to withholding tax.
