{"id":1682,"date":"2023-08-17T13:08:58","date_gmt":"2023-08-17T13:08:58","guid":{"rendered":"http:\/\/saricconsultant.rs\/prava-i-obaveze-nerezidenta-u-republici-srbiji-sa-stanovista-poreskih-propisa-pib-nerezidenta-nerezidenti-racun-u-poslovnoj-banci\/"},"modified":"2024-04-05T12:14:49","modified_gmt":"2024-04-05T12:14:49","slug":"non-residents-rights-and-obligations-in-the-republic-of-serbia-in-terms-of-tax-regulations-non-residents-tins-and-non-resident-accounts-in-a-commercial-bank","status":"publish","type":"post","link":"https:\/\/saricconsultant.rs\/en\/non-residents-rights-and-obligations-in-the-republic-of-serbia-in-terms-of-tax-regulations-non-residents-tins-and-non-resident-accounts-in-a-commercial-bank\/","title":{"rendered":"Non-residents&#8217; rights and obligations in the Republic of Serbia in terms of tax regulations, non-residents&#8217; TINs, and non-resident accounts in a commercial bank."},"content":{"rendered":"<p>[vc_row][vc_column][vc_empty_space height=&#8221;50&#8243;][vc_column_text css=&#8221;.vc_custom_1693907597437{padding-right: 10px !important;padding-left: 10px !important;}&#8221;]<\/p>\n<h1><b>Non-residents&#8217; rights and obligations in the Republic of Serbia in terms of tax regulations, non-residents&#8217; TINs, and non-resident accounts in a commercial bank.<\/b><\/h1>\n<h4><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-42 alignnone\" src=\"http:\/\/saricconsultant.rs\/wp-content\/uploads\/2020\/03\/saric-consultant-line.png\" alt=\"\" width=\"257\" height=\"70\" \/><\/h4>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Given the recent social developments stemming from global and local events, it is only logical that the significant increase in the incidence of entry and stay of foreigners and foreign investors raises the issue as to when non-residents are required to registered with the Tax Administration Head Office to obtain a non-resident&#8217;s TIN.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">For the purpose of the Individual Income Tax Act defining residents and non-residents:<\/span><\/p>\n<p><b>A non-resident natural person is<\/b><span style=\"font-weight: 400;\">:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">a person with no residence or the centre of business and vital interests in the Republic of Serbia,<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">a person who is staying for less than 183 days, either continuously or with breaks, in a 12-month period.<\/span><\/li>\n<\/ul>\n<p><strong><b>A non-resident legal person, <\/b><span style=\"font-weight: 400;\">for the purpose of the Corporate Tax Act, is:<\/span><\/strong><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u00a0a legal person established and having the place of effective management and control outside the territory of the Republic of Serbia,<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">a legal person who makes profits through its fixed establishment in the territory of Serbia, unless otherwise specified by the international treaty for the avoidance of double taxation.<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">In the event of obtaining taxable income or property in Serbia, the above persons are required to comply with certain procedures with the Tax Administration in terms of obtaining a TIN (tax identification number; <\/span><i><span style=\"font-weight: 400;\">Serbian: PIB<\/span><\/i><span style=\"font-weight: 400;\">) for non-residents, which would help identify the non-resident in the Republic of Serbia tax system. We will explain below why it is important that non-residents should learn about these obligations beforehand.<\/span>[\/vc_column_text][vc_empty_space height=&#8221;12px&#8221;][\/vc_column][\/vc_row][vc_row][vc_column][vc_empty_space height=&#8221;50&#8243;][vc_column_text css=&#8221;.vc_custom_1694076645356{padding-right: 10px !important;padding-left: 10px !important;}&#8221;]<\/p>\n<h3><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-50\" src=\"http:\/\/saricconsultant.rs\/wp-content\/uploads\/2020\/03\/saric-line.png\" alt=\"\" width=\"72\" height=\"3\" \/><br \/>\n<b>Is a non-resident real estate owner required to get a TIN when selling their property? <\/b><\/h3>\n<h3><b>Is a non-resident required to be present and come to Serbia to settle their tax obligations resulting from a real estate transaction?<\/b><\/h3>\n<p>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text css=&#8221;.vc_custom_1694077132752{margin-top: 10px !important;margin-bottom: 10px !important;padding-top: 20px !important;padding-right: 20px !important;padding-bottom: 20px !important;padding-left: 20px !important;background-color: #a59b98 !important;}&#8221;]<\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #ffffff;\">Let&#8217;s use a non-resident natural person, whether a national or not, wishing to buy or sell their real estate in Serbia, as an example.<\/span><br \/>\n<span style=\"color: #ffffff;\">A real estate transaction generates a tax obligation\u2014a real estate transfer tax and\/or capital gain tax. Where a non-resident seller wishes to successfully transfer their funds gained through sale of their property from their non-resident account in a Serbian commercial bank to their personal account abroad, the commercial bank will require a certificate from the Republic of Serbia Tax Administration confirming that the non-resident Seller settled all their tax obligations in Serbia in order to transfer the money earned from the sale.<\/span><\/p>\n<p>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_row_inner][vc_column_inner][vc_column_text]<\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">To obtain a Tax Clearance Certificate, the tax representative must send an application to the competent tax authorities having jurisdiction over the place of the head office of the bank where the non-resident has their non-resident account. The non-resident&#8217;s application for the Tax Administration&#8217;s Certificate for the money transfer purposes has to be supported with extensive documentation, primarily proving the source of funds on the non-resident account, the proof of balance from the bank, the proof of no outstanding tax obligations by the non-resident, i.e. the real estate transfer tax, capital gain tax, property tax, and tax when acquiring the property.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p style=\"text-align: justify;\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-1340 size-full\" src=\"http:\/\/saricconsultant.rs\/wp-content\/uploads\/2023\/08\/Otvaranje-namenskog-nerezidentnog-racuna-1.png\" alt=\"\" width=\"1380\" height=\"920\" srcset=\"https:\/\/saricconsultant.rs\/wp-content\/uploads\/2023\/08\/Otvaranje-namenskog-nerezidentnog-racuna-1.png 1380w, https:\/\/saricconsultant.rs\/wp-content\/uploads\/2023\/08\/Otvaranje-namenskog-nerezidentnog-racuna-1-300x200.png 300w, https:\/\/saricconsultant.rs\/wp-content\/uploads\/2023\/08\/Otvaranje-namenskog-nerezidentnog-racuna-1-1024x683.png 1024w, https:\/\/saricconsultant.rs\/wp-content\/uploads\/2023\/08\/Otvaranje-namenskog-nerezidentnog-racuna-1-768x512.png 768w\" sizes=\"auto, (max-width: 1380px) 100vw, 1380px\" \/><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">A non-resident dedicated account in a commercial bank can also be opened based on a duly signed and stamped power of attorney.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">All the above actions can be taken without the need for a non-resident to come to Serbia, but based on a duly signed and stamped power of attorney.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Click the following link for more information about the form and content of such a power of attorney:<\/span><\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/saricconsultant.rs\/en\/power-of-attorney-foreign-document\/\">https:\/\/saricconsultant.rs\/en\/power-of-attorney-foreign-document\/<\/a><br \/>\n<span style=\"font-weight: 400;\">Learn more about this topic here:<\/span><br \/>\n<a href=\"https:\/\/saricconsultant.rs\/en\/buying-and-selling-real-estate-if-you-are-abroad\/\">https:\/\/saricconsultant.rs\/en\/buying-and-selling-real-estate-if-you-are-abroad\/<\/a><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">For the above reasons, non-residents are required to obtain a TIN from the Tax Administration Head Office and inform the Tax Administration in a timely manner of the person who will act as their tax representative.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">A tax representative is a person who, within the powers granted, takes actions for and behalf of the relevant taxpayer with respect to the taxpayer&#8217;s tax obligations, receives tax documents, files tax returns, pays taxes, etc.<\/span><\/p>\n<p><strong><b>Where can non-residents register and apply for a TIN?<\/b><\/strong><\/p>\n<p style=\"text-align: justify;\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-1343 size-medium alignleft\" src=\"http:\/\/saricconsultant.rs\/wp-content\/uploads\/2023\/08\/businesswoman-talking-phone-front-building-1-300x200.jpg\" alt=\"\" width=\"300\" height=\"200\" srcset=\"https:\/\/saricconsultant.rs\/wp-content\/uploads\/2023\/08\/businesswoman-talking-phone-front-building-1-300x200.jpg 300w, https:\/\/saricconsultant.rs\/wp-content\/uploads\/2023\/08\/businesswoman-talking-phone-front-building-1-1024x682.jpg 1024w, https:\/\/saricconsultant.rs\/wp-content\/uploads\/2023\/08\/businesswoman-talking-phone-front-building-1-768x512.jpg 768w, https:\/\/saricconsultant.rs\/wp-content\/uploads\/2023\/08\/businesswoman-talking-phone-front-building-1-1536x1024.jpg 1536w, https:\/\/saricconsultant.rs\/wp-content\/uploads\/2023\/08\/businesswoman-talking-phone-front-building-1.jpg 1625w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><span style=\"font-weight: 400;\">The Tax Administration Head Office registers taxpayers and assigns TINs to non-residents.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Tax Administration Head Office is located at 3\u20135 Save Ma\u0161kovi\u0107a, 11000 Belgrade.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">To register and obtain a TIN, the applicant is required to file a relevant application form, PR-3 or PR-1 for a legal person, accompanied by a stamped power of attorney appointing the tax representative, and other supporting documents (a certified copy of the taxpayer&#8217;s passport or ID, an extract from a foreign register together with the translation by a sworn-to court translator in case of a legal person).<\/span><\/p>\n<p>&nbsp;<\/p>\n<h3><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-50\" src=\"http:\/\/saricconsultant.rs\/wp-content\/uploads\/2020\/03\/saric-line.png\" alt=\"\" width=\"72\" height=\"3\" \/><br \/>\n<b>How long does it take for a non-resident to get a TIN?<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">The process of getting a TIN is simple and takes a few days once all documents are submitted to the Tax Administration Head Office.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">To avoid wasting your time by going from one help desk to another, we recommend you should get all the information in advance and get familiar with the procedures you need to comply with in order to complete your transactions successfully.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Learn more about tax obligations related to real estate transactions in our upcoming texts.<\/span><\/p>\n<p><em>Autor: Sanja \u0160ari\u0107,<\/em><br \/>\n<em>Spec.pravnik<\/em>[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][vc_empty_space][\/vc_column][\/vc_row][vc_row bg_type=&#8221;image&#8221; parallax_style=&#8221;vcpb-default&#8221; bg_image_new=&#8221;id^848|url^http:\/\/saricconsultant.rs\/wp-content\/uploads\/2021\/12\/halftone-dark.png|caption^null|alt^null|title^halftone-dark|description^null&#8221; bg_image_repeat=&#8221;no-repeat&#8221;][vc_column][vc_empty_space][vc_empty_space][vc_cta h2=&#8221;If you have any questions, don&#8217;t hesitate to contact us,&#8221; add_button=&#8221;right&#8221; btn_title=&#8221;Contact&#8221; btn_link=&#8221;url:https%3A%2F%2Fsaricconsultant.rs%2Fen%2Fcontact%2F&#8221;]<strong>Feel free to send us an enquiry or call us and we will send you our price list and schedule a face-to-face meeting or a phone call, so that you can get a better insight and find out what your next steps are.<\/strong>[\/vc_cta][\/vc_column][\/vc_row]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Given the recent social developments stemming from global and local events, it is only logical that the significant increase in the incidence of entry and stay of foreigners and foreign investors raises the issue as to when non-residents are required to registered with the Tax Administration Head Office to obtain a non-resident\u2019s TIN.<\/p>\n","protected":false},"author":1,"featured_media":1633,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[25],"tags":[],"class_list":["post-1682","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog-en-2","category-25","description-off"],"yoast_head":"<!-- This site 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