Serbia Publishes Deemed Arm's Length Interest Rates for Related Party Loans for 2023

Serbia's Tax Administration has published the rulebook on interest rates that are deemed to be at arm's length for related party loans in 2023 (regardless of the year a loan was originally granted). The rulebook was originally published in the Official Gazette on 29 March 2023 and entered into force on 6 April 2023. The rates, which vary by taxpayer type, loan term, and the denomination of the loan, are as follows:

For banks and leasing companies:

• 1.48% on short-term loans in RSD;
• 4.47% o…