tax incentives

Understanding and utilizing research and development tax incentives in Serbia

In contrast to a decade-old tax credit that spanned the entire economy but was later discontinued, tax incentives for research and development (R&D) in Serbia remain largely untapped. These incentives are not only accessed by a small number of local entrepreneurs, but also, very few companies are aware of their existence. Introduced by the state several years ago, tax incentives for R&D have seen limited uptake among domestic businesses. Qualifying for these benefits requires companies to possess both financial resources…