Editorial Team – [2026] 186 taxmann.com 13 (Article)
World Tax News provides a weekly snippet of tax news from around the globe. Here is a glimpse of the tax happening in the world this week:
1. Serbia Publishes Deemed Arm’s Length Interest Rates for Related-party Financing for 2026
On 24 April 2026 (published in Official Gazette No. 36/26), the Serbian Ministry of Finance issued the Rulebook prescribing interest rates in line with the arm’s length principle for 2026 (“TP Rulebook”). This TP Rulebook specifies the applicable interest rates for related-party financing.
As per the new TP Rulebook, there are no major changes in interest rates applicable to banks and financial leasing companies compared to 2025, except for a significant increase in rates for RUB-denominated credits and loans. For other companies, interest rates are marginally lower than in 2025, and the Rulebook does not prescribe rates for short-term USD credits and loans. Set out below is a tabular summary of the interest rates for 2026 considered to be at arm’s length:
Banks & Financial Leasing Companies
- RSD short-term loans – 4.40%
- RSD long-term loans – 0.33%
- EUR/RSD indexed to EUR – 4.87%
- USD/RSD indexed to USD – 4.98%
- CHF/RSD indexed to CHF – 3.05%
- SEK/RSD indexed to SEK – 4.12%
- GBP/RSD indexed to GBP – 1.50%
- RUB/RSD indexed to RUB – 10.73%
Other Companies
- RSD short-term loans – 7.13%
- RSD long-term loans – 7.21%
- Short-term EUR/RSD indexed to EUR – 4.75%
- Long-term EUR/RSD indexed to EUR – 5.42%
- Long-term CHF/RSD indexed to CHF – 7.10%
- Long-term USD/RSD indexed to USD – 4.43%
Source – Official Website
2. Australian Treasury Consulting on Standard Deduction of up to AUD 1,000 for Work-related Expenses
The Australian Treasury has released a consultation on a proposal to amend tax law to introduce a standard deduction of up to $1,000 for Australian tax residents earning income from work, effective from 1 July 2026. Existing provisions will continue to apply to individuals with work-related expenses exceeding $1,000 and to those earning only business or investment income.
The proposal also allows certain deductions in addition to the standard deduction, including investment expenses, charitable donations, and union or professional association membership fees. It further includes measures to prevent double benefits through salary packaging of expenses covered by the instant deduction and updates substantiation and capital allowance rules to support the new framework.
Source – Australian Treasury
Click Here To Read The Full Article
The post [World Tax News] Serbia Publishes Deemed Arm’s Length Interest Rates for Related-party Financing appeared first on Taxmann Blog.
