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Home Republic of Serbia: Interest rates under the arm’s length principle for 2019 fiscal year
24.06.2019

Republic of Serbia: Interest rates under the arm’s length principle for 2019 fiscal year

Overview of interest rates for banks and financial leasing companies as well as other companies

Author
Bojan Radojicic
Managing Partner
Serbia
View Profile

According to Article 61 paragraph 3 of the Corporate Profit Tax Law, the Ministry of Finance of the Republic of Serbia has the right to set interest rates under the arm’s length principle. The Ministry executes this right by publishing a rulebook on interest rates ‘’out of reach’’ for each fiscal year. The rulebook for the 2019 fiscal year was published in March this year.

Interest rates for banks and financial leasing companies are as follows:

  • 2.72% on short-term RSD loans
  • 3.64% on EUR loans and EUR-denominated loans
  • 5.05% on USD loans and USD-denominated loans
  • 2.98% on CHF loans and CHF-denominated loans
  • 3.91% on SEK loans and SEK-denominated loans
  • 4.25% on NOK loans and NOK-denominated loans
  • 1.92% on GBP loans and GBP-denominated loans
  • 1.41% on RUB loans and RUB-denominated loans

Interest rates for other companies are as follows:

  • 4.98% on RSD short-term loans
  • 5.69% on RSD long-term loans
  • 2.71% on EUR short-term loans and EUR-denominated loans
  • 2.90% on EUR long-term loans and EUR-denominated loans
  • 7.61% on CHF long-term loans and CHF-denominated loans
  • 3.08% on USD short-term loans and USD-denominated loans
  • 4.12% on USD long-term loans and USD-denominated loans
Article published in TP Newsletter #1/2019
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