Serbia
Financial Reporting Obligations for Companies in Serbia
1. Registry for Financial Statements Submission in Serbia
In Serbia, companies are required to submit their financial statements (annual reports) to the Agencija za privredne registre (Business Registers Agency) (https://www.apr.gov.rs). The financial reports must be submitted through this official government platform.
2. Legal Forms Obliged to Submit Financial Statements
In Serbia, the following legal forms must submit their financial statements (annual reports) to the Agencija za privredne registre (Business Registers Agency) (https://www.apr.gov.rs):
- Akcionarsko društvo (A.D.) – Joint Stock Company
Required to submit financial statements. - Društvo sa ograničenom odgovornošću (D.O.O.) – Limited Liability Company
Required to submit financial statements. - Komanditno društvo (K.D.) – Limited Partnership
Required to submit financial statements. - Ortačko društvo (O.D.) – General Partnership
Required to submit financial statements. - Javno preduzeće (J.P.) – Public Enterprise
Required to submit financial statements. - Zadružni savez (Z.S.) – Cooperative Association
Required to submit financial statements. - Ustanova – Institution (such as schools, hospitals, etc., with economic activity)
Required to submit financial statements. - Fondacija i zadužbina – Foundation and Endowment
Required to submit financial statements. - Ogranak (branch) – Branch of a foreign or domestic company
Required to submit financial statements. - Poljoprivredno gazdinstvo – Agricultural Holding (with certain conditions)
Required to submit financial statements.
Legal Forms Not Obliged to Submit Financial Statements:
- Preduzetnik (P.R.) – Sole Proprietor
Not obliged to submit financial statements if they fall under the threshold of a small entrepreneur, which is defined by annual turnover and other criteria set by the government. If a sole proprietor exceeds the threshold, they are required to submit financial statements. - Neformalno udruženje – Informal Association
Not obliged to submit financial statements, as they are not formally registered as legal entities engaging in commercial activities. - Verska zajednica – Religious Community
Not obliged to submit financial statements unless they engage in profit-oriented activities.
3. Audit Requirements for Companies
In Serbia, companies are required to undergo an audit of their financial statements based on specific thresholds related to turnover, total assets, and the number of employees. The requirements are set forth in the Zakon o reviziji (Auditors Activities Act) (https://www.paragraf.rs/propisi/zakon_o_reviziji.html).
| Legal Form | Rule | Criteria |
| Akcionarsko društvo (A.D.) – Joint Stock Company | Mandatory audit | Total annual revenue exceeds EUR 4.4 million, total assets exceed EUR 2.2 million, or more than 50 employees. |
| Društvo sa ograničenom odgovornošću (D.O.O.) – Limited Liability Company | Mandatory audit if thresholds are met | Same thresholds as A.D. |
| Komanditno društvo (K.D.) – Limited Partnership | Mandatory audit if thresholds are met | Same thresholds as A.D. |
| Ortačko društvo (O.D.) – General Partnership | Mandatory audit if thresholds are met | Same thresholds as A.D. |
| Javno preduzeće (J.P.) – Public Enterprise | Mandatory audit | Always required regardless of size |
Key Audit Thresholds:
- Total revenue: EUR 4.4 million (local currency equivalent)
- Total assets: EUR 2.2 million (local currency equivalent)
- Number of employees: 50
4. Stock Exchange for Listed Companies
If a company is listed on the Serbian stock exchange, it is required to publish its financial statements on the Beogradska berza (Belgrade Stock Exchange) (https://www.belex.rs).
5. Deadline for Submitting Financial Statements
All companies must submit their annual financial statements by June 30 of the year following the reporting year.
6. Partial Financial Statements Submission
Some companies, particularly those undergoing liquidation, reorganization, or listed companies, may submit partial or interim financial statements in addition to annual statements.
7. Consequences of Late Submission
- Fines: RSD 100,000 – 1,000,000 depending on severity.
- Legal actions: Persistent non-compliance may result in legal action against company executives.
- Striking off the register: In extreme cases, companies may be struck off the Agencija za privredne registre (Business Registers Agency) (https://www.apr.gov.rs).
8. Foreign-Owned Branches and Newly Established Companies
Foreign-owned branches in Serbia must follow the same reporting rules as domestic companies. Newly established companies must submit their first financial statement by the end of their first financial year.
Sources
| Source | Link |
| Agencija za privredne registre – Business Registers Agency | https://www.apr.gov.rs |
| Zakon o privrednim društvima – Company Law | https://www.paragraf.rs/propisi/zakon_o_privrednim_drustvima.html |
| Zakon o reviziji – Auditors Activities Act | https://www.paragraf.rs/propisi/zakon_o_reviziji.html |
| Beogradska berza – Belgrade Stock Exchange | https://www.belex.rs |
| Start Companies Search | Order Credit Report |
Keywords
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