A Serbian DOO keeps double-entry books and has more obligations than a sole proprietor: monthly returns, corporate income tax and financial statements filed with the Business Registers Agency (APR). We handle them for micro and small companies in every industry, from single-owner firms to companies with staff and foreign owners. Still choosing a legal form? See LLC or sole proprietor. Not registered yet? See company registration in Novi Sad.
What we do for your LLC
- Bookkeeping: incoming and outgoing invoices, bank statements, petty cash and fixed assets.
- VAT: records, VAT returns (PP PDV and POPDV), e-invoices on SEF. If you are not registered, we track the RSD 8 million threshold (when VAT registration is mandatory).
- Payroll: salaries for staff and directors, social-insurance registration, sick leave, service contracts (more on payroll).
- Corporate income tax: monthly advance payments, the tax balance sheet and the annual return.
- Annual statements: financial statements for APR and the year-end inventory count.
- Foreign currency and foreign owners: foreign-currency income, exchange differences, transfer pricing for related parties, all communication in English.
- Advice before decisions: paying out profit, hiring, VAT registration, buying equipment. Ask before you sign, not after.
An LLC's obligations through the year
Monthly
- Booking documents and reconciling with bank statements
- VAT return by the 15th after the end of the tax period (for VAT payers)
- Corporate income tax advance by the 15th
- Payroll and the payroll tax return on the day of payment
Annually
- Inventory count of assets and liabilities at year end
- Financial statements for APR by 31 March
- Tax balance sheet and corporate income tax return by the end of June
- New monthly tax advances based on the return
We keep track of the deadlines. All we ask is that you send the month's documents on time, and you get a reminder from us for paying taxes and contributions.
How money gets from the LLC to the owner
The most common surprise for new owners: money in the DOO's account is not the owner's personal money and cannot be withdrawn freely. There are three usual routes:
- Salary or director's fee: taxed like any salary, with income tax and contributions.
- Dividend: possible only out of realised profit, on which the company has already paid 15% corporate income tax; the payout carries a further 15% dividend tax.
- Loan to the owner: must be repaid to the company, otherwise it is taxed.
Which combination suits you best depends on profit, costs and plans. We work it out together during the year, while the result can still be influenced, not after the year is closed.
How we get started
- A short callBy phone, Viber, WhatsApp or in person at our office on Bulevar cara Lazara. We learn about your business, volume and plans.
- A fixed monthly quoteBased on documents, employees and VAT status you get a clear price with no hidden costs (how we price).
- Taking over the booksIf you already had an accountant, we take over the records and opening balances and carry on without missing deadlines (how switching works).
FAQ: accounting for an LLC
How much does accounting for an LLC cost?
It depends on the number of documents booked each month, the number of employees, VAT status and foreign-currency transactions. We don't publish a one-size price list; after a short call you get a fixed monthly quote. The call and the estimate are free.
Does an LLC have to be registered for VAT?
No. VAT registration becomes mandatory once turnover in the previous 12 months exceeds RSD 8 million, and voluntary registration is also possible. Whether voluntary registration pays off depends on who your customers are and how much input VAT you have.
How can the owner take money out of an LLC?
Money in the company account cannot be withdrawn freely as it can by a sole proprietor. The owner receives it as a salary or director's fee, as a dividend out of realised profit with 15% tax, or as a loan that must be repaid to the company, otherwise it is taxed. We work out the best combination together, with real numbers.
Does the owner have to be employed by the LLC?
No, but someone has to be registered as director. The owner can be director without an employment contract, paying contributions on that basis, or can be employed under an employment contract.
Can I switch accountants in the middle of the year?
Yes. We take over the records from your previous accountant, check the opening balances and carry on without missing any deadlines. Starting at the beginning of a month is simplest, but not required.
Do you work with LLCs outside Novi Sad and with foreign owners?
Yes. Our office is in Novi Sad, but we receive documents electronically and work with companies across Serbia. With foreign owners we work directly in English.
Looking for an accountant for your LLC?
Get in touch. After a short call you get a fixed monthly quote, with no obligation.
Request a quote PricingNote: this page is informational and does not constitute tax or legal advice.