SBRA: Company registration in 24 hours, 21,499 TINs assigned

The time period for the registration of a company and the assignment of a tax identification number (TIN) has been shortened to a maximum of 24 hours, in part thanks to the update of of a one-stop shop system of registration, within which the Serbian Business Registers Agency (SBRA) and the Tax Administration have united their procedures.

In the first five months following the introduction of the one-stop shop system of registration, 21,499 TINs were assigned, the SBRA reported.

Most TINs were assigned in June (5,319), and, in the first two weeks of August, 1,527 TINs were assigned.

Instead of waiting at the counters at the Tax Administration, the announcement says, founders and entrepreneurs only need to fill out a registration application form available at the SBRA and at www.apr.gov.rs.

By filling out the form, the applicant at the same time applies for being listed in the SBRA register and the unique register of taxpayers.

Electronic exchange of data gathered from such applications has freed founders and entrepreneurs from the need to personally submit applications for lump sum taxation or VAT taxpayers application at the Tax Administration office, the announcement says.

According to the SBRA register, there are currently fewer than 2% of founders and entrepreneurs who haven't used the benefits of the one-stop shop system of company registration.

More precisely, these founders and entrepreneurs haven't submitted the contact information necessary for carrying out procedures at the Tax Administration.

Agencija za privredne registre Beograd

Poreska uprava Srbije

SBRA

TIN assignment

unique register of taxpayers