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Arm’s Length Interest Rates for 2024 Published in Serbia

Arm’s Length Interest Rates for 2024 Published in Serbia

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Serbian Minister of Finance issued the Rulebook on interest rates that are considered to be in line with the arm’s length principle for the year 2024 (Rulebook).

Interest rates are applicable by taxpayers in the calculation of corporate income tax for the FY 2024 to compare agreed interest rates on loans with related parties.

Interest rates that are considered to be in accordance with the “arm’s length” principle, prescribed by the Rulebook for 2024 are the following:

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; 

2) 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.

The information in this document does not constitute legal advice on any particular matter and is provided for general informational purposes only.

By Branimir Rajsic, Senior Consultant, Katarina Tomic Isailovic, Senior Associate, and Aleksa Tomanovic, Junior Associate, Karanovic & Partners

Serbia Knowledge Partner

SOG in cooperation with Kinstellar is a full-service business law firm in Serbia that provides foreign and domestic clients with premium-quality legal advice and assistance across a wide range of key areas of corporate law. The firm was founded in 2015 by a group of seasoned, internationally-trained lawyers. SOG has developed a distinctively dynamic culture, bringing together top talent, fostering entrepreneurship, and maintaining exceptional relationships with its clients.

SOG has achieved consistent growth in the volume of its business, accompanied by an exponential increase in the number of hired associate lawyers and the firm’s network of business contacts. SOG has a robust client base of multinationals, investment and private equity firms, and financial institutions. Clients praise SOG for being commercially minded, very responsive and knowledgeable.

Establishing permanent cooperation with Kinstellar is part of realising SOG's long-term development strategy to be the leading provider of legal services in the Western Balkans market.

Firm's website: https://www.kinstellar.com/

 

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