Serbian Ministry of Finance issued a new Rulebook which defined the interest rates for 2020, which are considered to be at the “arm’s length” level. Interest rates are the following:

For Banks and finance leasing companies:

  • 1,92% for short-term loans in RSD
  • 2,71% for long-term loans in RSD
  • 3,11% for loans in EUR and RSD loans denominated in EUR
  • 3,87% for loans in USD and RSD loans denominated in USD
  • 2,54% for loans in CHF and RSD loans denominated in CHF
  • 3,92% for loans in SEK and RSD loans denominated in SEK
  • 1,88% for loans in GBP and RSD loans denominated in GBP;
  • 3,23% for loans in RUB and RSD loans denominated in RUB;

For other legal entities:

  • 4,71% for short-term loans in RSD
  • 5,55% for long-term loans in RSD
  • 2,64% for short-term loans in EUR and RSD loans denominated in EUR
  • 2,87% for long-term loans in EUR and RSD loans denominated in EUR;
  • 7,84% for short-term loans in CHF and RSD loans denominated in CHF
  • 7,52% for long-term loans in CHF and RSD loans denominated in CHF
  • 4,83% for short-term loans in USD and RSD loans denominated in USD;
  • 4,05% for long-term loans in USD and RSD loans denominated in USD.

The interest rates referred to in paragraph 1 of this Article shall also apply to loans.