KN Tax advises particularly in following areas:

• Taxation of International and Local Corporations and Entities
• Local and International Tax Planning
• International Finance Tax Issues
• VATPersonal Taxation
• Real Estate Taxation
• Optimal Project Financing
• Tax Representation Services

Our corporate advisory services comprise both taxation of local entities and international clients, conducting business on the territory of Serbia and Montenegro.

Local Corporate Taxation

We provide a wide range of services and our detailed tax planning can optimise clients' tax liability. We combine tax incentives provided in the local corporate income tax lax in order to mitigate possible tax burden. Moreover, we offer initial tax compliance services, such as obtaining tax identification numbers, registrations and filing tax applications.

International Corporate Taxation

Being a law firm serving predominantly international clients, KN Tax offers tax advisory services to foreign companies and individuals, conducting their business in Serbia, Montenegro and Bosnia and Herzegovina but not having a legal entity in Serbia.

We advise on taxation of cross border activities and avoidance of double taxation, notably in the fields of:

• taxation of permanent establishments,
  
• cross-border commercial activities, and
  
• taxation of profit derived from dividends, royalties, interest, capital gains and rent of immovable and movable property.

Furthermore, we offer tax compliance service regarding registration of permanent establishments, filing tax returns, calculation and payment of taxes in the name and on behalf of the client.

The field of personal taxation provides for numerous possibilities to decrease an individual's tax liability. Tax incentives are prescribed for both nationals and foreign individuals and offer numerous tax planning opportunities.

Our personal income tax specialist can assist you and your employees with the following:

• finding optimal tax structures for international assignees and local staff regarding salary and other benefits,
  
• assistance with immigration issues and
  
• compliance services connected with filling annual personal income tax returns

Trading activities between local and foreign entities trigger VAT, excise and customs duties.

KN Tax offers advisory services including, but not limited to, general information on the tax environment, policy issues in the area of taxation, review of taxable transactions and structuring tax efficient transaction modules. On demand, we assist you in drafting of internal rulings, which will significantly lower your tax risk at the early stages of implementation of new laws and amendments.

Serbian property tax regulations play a strong role in mergers and acquisitions and real estate development and transfers in Serbia and Montenegro.

We provide tax optimization advice which enable acquisition of ownership title over real estate, shares and other property in Serbia and Montenegro in the most tax efficient manner.

KN Tax is supported by litigation lawyers having in-depth experience in complex tax litigation.

In this ever-changing tax environment, the firm is in constant dialogue with the relevant policy makers and in that way we can ensure that all the clients' needs are treated in the best possible manner.