How can a resident – an individual, transfer abroad funds received by sale of real estate or lease of apartments, business space and other real estate in Serbia?
To transfer abroad funds received by sale or lease of real estate from a non-resident’s foreign account, a non-resident issues a payment order to certified bank and is required to submit along with the order a proof that she has settled all tax liabilities related with that concrete deal. The certificate or proof is issued by organizational unit of Tax Administration on whose territory the real estate is located, but the person has first to submit evidence that transfer tax, capital profit tax or tax on real estate income were settled, and the same certificate is needed when there is no tax liability.
