Industries
Freelancers and foreign clients
Accounting for freelancers and foreign clients, from currency inflow to the right taxation model.
Biro Vision provides specialized accounting for freelancers and everyone working with foreign clients, whether you collect as an individual into a currency account or operate as a sole trader. We help you choose the more favorable of the two self-taxation models, properly report the basis of every currency inflow to your bank, and file the quarterly freelancer tax return on time. We also understand when it pays to outgrow freelancer status and open a sole trader business or a company, so we give you a clear calculation for both options. We correctly determine the place of supply for services rendered abroad, since services to a foreign taxable person are as a rule outside the scope of Serbian VAT. With us, invoicing the foreign client, exchange rate differences and tax obligations are always accurate and within the legal deadline.
What you need to get started
- 01 Currency account and inflow: opening a foreign-currency account at the bank for collection from foreign clients and reporting the basis of each inflow to the bank within the legal deadline, whether the money arrives directly or through payment platforms (Wise, Payoneer, PayPal).
- 02 Choosing your status: deciding whether to operate as a freelancer (an individual who self-reports income from abroad) or as a sole trader, since this determines your obligations, the keeping of business books and any entry into the VAT system.
- 03 Choosing the taxation model: opting for one of the two self-taxation models for freelancer income, the first with higher standardized costs and a 20 percent tax rate, the second with a lower fixed standardized cost increased by 34 percent of income and a 10 percent tax rate, plus mandatory contributions.
- 04 Quarterly return: timely filing of the freelancer tax return for income earned in the quarter, with calculation of tax and contributions for pension and disability, and where required health insurance.
- 05 Registration once you outgrow freelancing: founding a sole trader business or a d.o.o with APR under the appropriate activity code, opening a business account and, for domestic B2B turnover, registering on the Electronic Invoicing System (SEF).
- 06 Checking independence status: if you switch to sole trader and work predominantly for one principal, we review the independence criteria, since they determine the tax treatment and the risk of reclassification.
Services we provide
- Comparing the two self-taxation models based on your actual income and recommending the one that yields the lower total obligation, switching to the other model when that becomes more favorable.
- Calculating and filing the quarterly freelancer tax return, with accurate standardized costs, tax base, tax and contributions for every inflow in the quarter.
- Recording currency inflows and calculating exchange rate differences, with the correct basis of payment toward the bank and compliance with foreign-exchange regulations.
- Comparing freelancer and sole trader status through a concrete calculation, with a recommendation on when to open a sole trader business or a d.o.o for lower levies and easier invoicing.
- Invoicing the foreign client and determining the place of supply of the service, which as a rule puts services rendered to a foreign taxable person outside Serbian VAT, with supporting documentation and contracts.
- Keeping complete books for sole traders who have outgrown freelancing, with personal salary calculation or profit taxation, e-invoices through SEF and annual reports.
- Checking and documenting independence status for sole traders, with advice on aligning your contracts and way of working so you keep the more favorable tax treatment.
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