Serbia has issued a decree approved on 24 December 2020 that establishes options for the payment of corporate and personal income taxes and contributions deferred due to COVID-19. This includes that taxpayers may pay their outstanding tax liability in up to 24 monthly installments for deferred withholding tax and contributions on employee salaries and deferred advance payments of corporate tax, up to the amount of the unpaid amount calculated in the final corporate tax return for the tax period beginning or ending in 2020.