Serbia published a series of 2020 Budget laws in the Official Gazette on 6 December 2019, which entered into force on 14 December. For companies, one of the key changes is the introduction of Country-by-Country (CbC) reporting. This includes that ultimate parent entities of an MNE group resident in Serbia are required to submit a CbC report if the total consolidated revenue of the group expressed in consolidated financial statements for the preceding period is at least the RSD equivalent of EUR 750 million. If required, the CbC report must be submitted within 12 months following the end of the...