Tax aspect of liquidation of companies

Tax aspect of liquidation of companies have their own specific characteristics in relation to the general corporate tax regime.

The most common tax questions which arise regarding the tax aspect of liquidation of companies are:

  • assessment of tax on corporate profit of companies in liquidation and
  • tax treatment of payments of the liquidation surplus.

Assessment of tax on profit of companies in liquidation

Generally according to the provisions of Article 34 of the Corporate Profit Tax Law, taxpayer’s profit in the process of liquidation shall be taxed in accordance with that law. Continue reading Tax aspect of liquidation of companies

Consulting agency foundation

Consulting agency can be established and registered or entered in the register of the companies or in the register of entrepreneurs of the Serbian Business Registers Agency of the Republic of Serbia in the form of business company and consulting activities can be performed by a natural person with full capacity, which will be registered as an entrepreneur in that aim.

The establishment, registration and organization of business companies and entrepreneurs are governed by Law on Business Companies, Law on the Procedure of Registration with the Serbian Business Registers Agency, Rulebook on the Content of the Business Entities Register and Documents Required for Registration and Decision on Fees for Registration and other Services Provided by the Serbian Business Registers Agency Continue reading Consulting agency foundation

Voluntary liquidation of the company – legal aspect

According to provisions of Article 468 of Law on Business Companies, business company shall be dissolved by deletion from the register of economic operators in case of:

  • Liquidation or forced liquidation in accordance with this Law
  • Bankruptcy proceedings in accordance with the law governing bankruptcy and
  • A status change resulting in the dissolution of a company.

Liquidation of the company is the process of dissolution of the solvent company and can be: voluntary and forced.

Voluntary liquidation of the company is run by the decision of the owner of the company, as opposed to the forced liquidation, which starts in the cases provided by law Continue reading Voluntary liquidation of the company – legal aspect