The fee for filing a company’s annual account is paid to the account of the Serbian Business Registers Agency no. 840-969627-83, file ref. 83 05-... (The entrepreneur code should be indicated), purpose of payment: Annual account filing fee.

The Law on Company Registration („Official Gazette of RS“, no. 55/2004 and 61/2005, Art. 44), foresees the obligation to file a company’s annual account, for all companies registered in the Business Register of the Serbian Business Registers Agency (SBRA), including entrepreneurs who keep double-entry books of account.

Entrepreneurs shall file an annual account by the end ofFebruary 2009.

Entrepreneurs who keep double-entry books of account shall submit the following documents:

• Balance sheet
• Profit and loss account
• Statistical annex
• Notice of classification
• Data on the person responsible for compiling the financial statement, complete, including personal identification number

The financial statement does not have to be certified by the National Bank of Serbia.

The Decree on Fees for Entry of Data in the Register of Business Entities and other Services Provided by the Business Registers Agency (Official Gazette of RS, No. 109/2005) specifies the following fees for registration of annual financial statements:

• sole traders – RSD 310
• companies and other types of organization carrying on a business activity – RSD 860
• registration of consolidated annual financial statements – RSD 860.

No fee is charged for registration of extraordinary financial statements.

As regards entities that are subject to audit, no fee is charged for filing an auditor’s opinion or for registration of an adopted (corrected) financial statement with auditor’s opinion.

Business entities that file incomplete (missing data) but certified forms are required to pay the prescribed fees.

The financial statements may be submitted at the Agency’s head office in Belgrade or in one of SBRA’s 13 extension offices:

• Beograd Trg Nikole Pašića 5/IV (Dom sindikata)

• Novi Sad Bulevar Mihajla Pupina 24
• Subotica Trg Lazara Nešića 1
• Zrenjanin Trg Republike bb
• Pančevo Trg Nikole Tesle 5
• Požarevac Stari korzo 38
• Valjevo Vuka Karadžića 5/IV
• Kraljevo Cara Dušana 41, I sprat
• Užice Radišićev prolaz bb
• Zaječar Nikole Pašića 37/I
• Kragujevac Nikole Pašića 6
• Niš Obrenovićeva bb, TPC Kalča, lamela b, lokal 40 
• Leskovac Stojana Ljubića 12/I, kancelarija 18
• Kosovska Mitrovica Kralja Petra Prvog 106.

The Agency recommends that the statements should be submitted by mail:

- Serbian Business Registers Agency, Financial statements, Nikola Pasic sqr, 5/4, Belgrade -

For financial statements filed upon expiry of the prescribed deadline, a penalty shall be paid in the amount of RSD 2,880.

Corrections can be made to financial statement filed with the Agency, if the entrepreneur has subsequently identified a significant material error.

The financial statement complete with corrections and an accompanying letter indicating the corrections, certified by the company, may be delivered in person or by mail. The registration of these statements is free of charge.

Any interested party may file a request for issuance of copies of scanned financial statements with the Business Registers Agency.

The applicant may compose the request, which does not have a specifically prescribed form, and submit it either:

• personally in the Agency
• by mail
• by email to izvestaji@apr.gov.rs.

The fee is RSD 2 per every scanned page of the statement and is to be paid to SBRA’s account 840-969627-83, reference number 11.

The Serbian Business Registers Agency may require entrepreneurs to provide additional information if:

• The set of financial statements and required documentation is incomplete
• The application lacks the stamp and signature of the legal representative
• The tax  has not been paid in cases when the statement was not filed in due time
• Data on the number of employees is missing (statistical annex)
• Corrections are submitted in the form of a letter. Therefore, if errors are identified after the financial statement has been submitted, the corrected financial statement must be submitted, accompanied by an explanation in free form
• Data related to the letterhead - on the top of the Financial Statement’s Form, tax identification number, company name, address, activity code are incorrect (these are considered a technical error)
• Photocopies  are submitted (forms without a stamp and signature)
• The statements are filed on outdated forms
• Documents are untidy (data are illegible, completed with a pencil, torn)
• The wrong tax amount has been paid.