ISSN 1452-6662
Over 180 up-to-date legal acts of the Republic of Serbia translated to English.
Group: FOREIGN INVESTMENTS AND FOREIGN ECONOMIC RELATIONS
Issue: FOREIGN EXCHANGE MANAGEMENT LAW
Published in the Službeni glasnik RS, Nos. 62/06 of 19 July 2006, 31/11 of 9 May 2011, 93/12 of 28 September 2012 (other law), 119/12 of 17 December 2012, 139/14 of 18 December 2014 and 30/18 of 20 April 2018
Section: III CURRENT TRANSACTIONS

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  • Article 3

    Payments, collections and transfers against current transactions between residents and non-residents shall be unrestricted, in conformity with the present Law.

    Payments and transfers against current transactions shall cover the following without any restrictions:

    1) Payments on the basis of foreign trade transactions and other current foreign transactions as referred to in the law governing foreign trade;

    2) Payments on the basis of repayment of the principal and interest on credits;

    3) Repatriation of investments, as well as transferring abroad and bringing in the profits stemming from direct investments;

    4) Transfers to individuals on the basis of old age pensions, disability pensions and other public welfare benefits, transfers based on taxes and fees, inter-government cooperation, indemnity on the basis of insurance contracts, transfers on the basis of enforceable and effective decisions, transfers on the basis of games-of-chance winnings, concession fees, membership fees and fines and other transfers, as well as transfers based on family sustenance costs.