On 16 December 2022, the Serbian Ministry of Finance published the Rulebook on arm’s Length interest rates applicable for 2022 that applies to related parties’ loans. The rulebook comes into force on 24 December 2022.
Taxpayers can use the prescribed interest rate for determining corporate income tax in 2022, i.e. when calculating adjustment of expenses and incomes between related parties.
Interest rates in accordance with “arm’s-length” principle that applies to companies for 2022 are:
- 3.12% applicable to short-term loans in RSD;
- 3.39% applicable to long-term loans in RSD;
- 2.25% applicable to short-term loans in EUR and dinar loans indexed in EUR;
- 2.73% applicable to long-term loans in EUR and dinar loans indexed in EUR;
- 6.94% applicable to long-term loans in CHF and dinar loans indexed in CHF;
- 1.85% applicable to short-term loans in USD and dinar loans indexed in USD;
- 3.54% applicable to long-term loans in USD and dinar loans indexed in USD.
