1 

Cash  

Cash payments to the account and from the account

2 

Noncash  

Transfer (payment and other transfers) from one account into another

3

Clearing  

Clearing payments 

9 

Rebooking  

Recovery on the basis of of overpaid or erroneously paid funds

20 

Trade in goods and services – intermediate consumption

Payments for goods, raw materials, materials, production services, fuel, lubricants, energy, purchase of farm products, membership fees, settlement of liabilities to public companies that are not prescribed for other goods and services

21 

Trade in goods and services – final consumption 

Payment for goods, raw materials, materials, production services, fuel, lubricants, energy, purchase of farm products, membership fees, settlement of liabilities to public companies that are not prescribed for other goods and services (including the payment of all fees and compensations), except for investments - final consumption 

22 

Services of public companies 

Payments of liabilities to public companies

23 

Investment into plants and equipment 

Payments related to the construction of plants and procurement of equipment (purchase price, delivery, assembly, etc.)

24 

Investments – оther 

Payments for investments, except investments into plants and equipment

25 

Rents 

Rents for the use of real estate and movable items in state ownership, charges for other services that qualify as public revenues

26 

Rents 

Rents for the use of taxable real estate and movable items

27 

Subsidies, vacation supplements and premiums from special accounts 

Payment, collection, transfer and calculation of subsidies, vacation supplements and premiums from the consolidated account of the treasury or funds and organizations of mandatory social insurance 

28 

Subsidies, vacation supplements and premiums from other accounts 

Payment, collection, transfer and calculation of subsidies, vacation supplements and premiums from other accounts

31 

Customs and other import duties 

Payment, collection, transfer from accounts and calculation on the basis of liability for customs and other import duties (customs duties and other public revenues collected by the Customs Authority as bulk payments in its reference account) 

40

Salaries and other earnings of employees

Salary; entrepreneurs’ personal salary; difference in salary of persons appointed to public office for the term of the office; payment under contract for performance of temporary and occasional work, as well as taxable remuneration given to employees for: compensation of public transport costs, per diems and business trip traveling and accommodation expenses in the country and abroad, per diems for Serbian Army employees, solidarity allowance in case of illness, rehabilitation or disability of an employee or his family members, for New Year and Christmas presents for children of employees and for service awards

41

Non-taxable earnings of employees, social and other allowances exempt from tax

Non-taxable remuneration given to employees for: compensation of public transport costs, per diems and business trip traveling and accommodation expenses in the country and abroad, per diems for Serbian Army employees, solidarity allowance in case of illness, rehabilitation or disability of an employee or his family members, for New Year and Christmas presents for children of employees and for service awards; Social and other allowances exempt from tax pursuant to the law governing personal income tax, except for allowances for volunteering

42

Compensation of earnings payable by the employer

Compensation of earnings on account of temporary work incapacity due to occupational injury or illness , which is payable by the employer from the first day of the sick leave until its end; Compensation of earnings on account of temporary work incapacity up to 30 days due to non-occupational injury or illness , pregnancyrelated illness or complications, or if mandatory quarantine was ordered for the employee, or if the employee needs to take care of a sick member of immediate family, except for a child under three years, if the employee was designated to escort a sick person pursuant to the law governing health insurance; Compensation of earnings for the duration of a paid leave during downtime, or during reduced volume of work which occurred through no fault of the employee, pursuant to Article 116 of the Labour Law

44

Earnings via youth and student cooperatives

Pay-outs to members of the cooperative from the cooperative’s account

45

Pensions

Amount of pension paid to pensioners or transferred to their current accounts with banks or other financial organisations, except pay-outs in cash

46

Deductions from pensions and salaries

Deductions on account of garnishments for credits, membership fees and other legal, administrative and other deductions

47 

Compensation of earnings payable by other payers

Compensation of earnings during sick leave exceeding 30 days in case of a temporary work incapacity of over 30 days due to non-occupational injury or illness, , pregnancy-related illness or complications, or if mandatory quarantine was ordered for the employee, or if the employee needs to take care of a sick member of immediate family, except for a child under three years, if the employee was designated to escort a sick person; Compensation of earnings during sick leave exceeding 30 days in case of a temporary work incapacity because of tissue or organ donation or care for a child under three years of age; Compensation of earnings during maternity leave, or in case of absence from work in order to care for a child, or absence from work in order to provide special care for a child

48 

Income of natural persons from capital or other ownership rights 

Interests, dividends and shares in profit, yield from an investment unit of an open-end investment fund, income from renting out real estate and movable property, income from property rights over a copyright work, or industrial property rights, income from insurance

49

Other income of natural persons

Income from fees for copyright work, income of athletes or sport experts, income from a special service contract and other income of natural persons not listed in codes 40 through 48

53

Payment of public revenues except taxes and contributions withheld at source

Payment of public revenues, taxes specifically, except taxes withheld at source, duties, fees etc.

54

Payment of taxes and contributions withheld at source

Payment of taxes and contributions which the payer of earnings is obligated to calculate, withold at source and pay into the designated single account no later than the day of payment of earnings to a natural person after deduction

57

Refund of overcharged or erroneously collected current revenues

Transfer of funds from the current revenue account to the taxpayer’s account for overcharged or erroneously collected current revenues

58

Rebooking of overpaid or erroneously paid current revenues

Transfer of funds from one current revenue account to another on the grounds of overpaid or erroneously paid current revenues

60

Insurance premium and indemnity

Insurance premium, reinsurance, indemnity

61

Public revenue allocation

Allocation of taxes, contributions and other current revenues paid to beneficiaries

62

Transfers across government bodies

Transfer between the account and subaccount of the treasury, transfer of funds to budget beneficiaries, payments under the Government’s social programme

63

Other transfers

Transfers between accounts of the same legal person and other transfers, allocation of joint revenues

64

Transfer of budget funds to provide for the refund of overpaid current revenues

Transfer of budget funds to the current revenue account from which refund should be made to the taxpayer

65

In-payment of takings

In-payment of daily takings

66

Cash out-payments

All cash payments from accounts of legal entities and individual entrepreneurs

70

Short-term lending

Short-term lending Transfer of funds on the basis of approved short-term loans 

71

Long-term lending

Transfer of funds on the basis of approved long-term loans 

72

Lending interest rate

Interest rate Interest received on loans 

73

Placement of time deposits

75

Other investments

Sale and purchase of equity securities, purchase of capital in the process of privatisation pursuant to the law governing privatisation, and purchase of shares from the Republic of Serbia Share Fund, interbank investments (securities, loans) 

76

Repayment of short-term loans

77

Repayment of long-term loans

78

Withdrawal of time deposits

79

Interest on deposit

Interest paid on deposits and other money holdings 

80

Security discounting

81

Founders’ loans for liquidity purposes

Repayment by legal entities of loans made by natural person founders

82

Repayment of founders’ loans for liquidity purposes

83

Collection of citizens’ cheques

84

Payment cards

85

Exchange transactions

86

Purchase and sale of foreign currencies

87

Grants and sponsorships

Payments from funds of banks and other legal entities pursuant to internal regulations  

88

Grants

Grants based on international agreements 

89

Transactions by order of citizens

90

Other transactions

Description

Inflow

Outflow

I. TRANSACTIONS BETWEEN RESIDENTS AND NON-RESIDENTS

CURRENT ACCOUNTS – GOODS

Transactions in respect of trade in goods between residents and non-residents

Goods 
– all collections and payments in respect of exports and imports of goods (before and after actual exports and imports),
 – collections from and payment to carriers of goods sold in ports and airports, against a duly completed customs declaration, – interest on overdue payment/collection of payment for import/export of goods, 
– default interest, price differentials, exchange rate gains/losses, penalties in respect of exports and imports of goods, 

– collection of payment for exports and payment for imports of goods not subject to customs declaration: exports and imports of books, professional literature, etc., 

– payment of (uninsured) damages in the course of export and import of goods, 

– collection of payments and payments relating to goods for further processing, 

– collection of payments and payments relating to goods for repairs. 
Excludes:
 – intermediation fees, i.e. difference in prices of purchased and sold goods in case of direct re-export and transport (included in 310 – Agent and broker fees); 

– collection of payments and payments for further processing of goods (included in 315 – Other services – further processing of goods). 

– repair services (included in 314 – Other services – repairs of goods); 

– advance payments in respect of performance of investment works abroad (included in 421 – Construction works abroad).

112

112

Goods on the territory of the Republic – collections and payments in respect of foreign trade transactions for goods that do not cross the customs line

712

712

Payment for goods located abroad and delivered directly abroad 
– payment for purchased goods located abroad and delivered directly abroad and collection of payment in respect of such transaction within 180 days from the day of effecting the payment

312

312

Supplies of means of transport 
– collections and payments in respect of delivery of supplies to resident/non-resident means of transport (ships, airplanes, road vehicles, trains, etc.) such as fuel, food etc. on foreign/domestic terminals (ports, airports, railway stations, etc.), if no customs declaration was completed at the time of exports or imports, and regardless of whether payment and collection were performed before or after delivery of goods.

147

147

Write-offs against invoiced value of goods 

650 

650 

Accruals against invoiced value of goods 

651

651

Cover received for documentary credit in favour of local beneficiaries 

514

SERVICES

This category includes collection of payments and payments in respect of trade in services between residents and non-residents, including all advance payments and refunds

Transport

Maritime transport 

202

202

– Passenger transport

201

201

– Other

208

208

Air transport

– Passenger transport

242

242

– Transport of goods

241

241

– Other

248

248

Road transport

– Passenger transport

252

252

– Transport of goods

251

251

– Other

258

258

Railway transport

– Passenger transport

222

222

– Transport of goods

221

221

– Other

228

228

River transport

– Passenger transport

232

232

– Transport of goods

231

231

– Other

238

238

Passenger transport: 
– transport of non-residents in international traffic by domestic means of transport, 
– transport of residents by foreign means of transport, 
– transport of domestic passengers by foreign means of transport, inclusive of other costs incurred in passenger transport (surcharge costs, food and beverage on means of transport, etc.). 
Excludes:
– transport of non-residents by domestic means of transport within the country (included in 702 – Services in tourism).

Transport of cargo: 

– transport of cargo, loading and unloading of means of transport, if the contract between owner of goods and the carrier stipulates that such services shall be provided by the carrier.

Other: 

– all types of services at ports, airports and other terminal lines (cargo, loading, unloading, storing, warehousing, packing, maintenance and cleaning of transport equipment, vehicle tow and rescue services and agent commissions and fees for provided services of transport of goods and passengers), 

– all services paid through correspondent current accounts. 

Excludes: 

– services of lease of vehicles and crew (included in 218 – Lease of vehicles and crew for a specified period of time); 

– carriers’ exploitation costs (included in 219 – Other transport related services); – other warehousing of goods (included in 319 – Warehousing); 

– insurance of goods (included in 259 – Insurance – premiums); 

– goods procured by non-resident carriers in ports, landing places and airports which are treated as goods and not as services (included in 147 – Supplies of means of transport); 

– repairs of railway, port and airport facilities (included in 317 – Construction works abroad); 

– courier services (included in 249 – Other communications services).

Other

Services of transport of oil, gas and electricity 

– costs of pipeline transport of oil and gas and electricity transport. Excludes:

– value of delivered oil, gas and electricity (included in 112 – Goods).

213

213

Carrier services 

– all carrier services.

270

270

Lease of vehicles and crew to non-residents for a specific period of time and vice versa

Excludes: 

– lease of vehicles without crew (included in 490 – Lease of means of transport without crew); 

– financial leasing services (included in 575 or 175 – financial leasing).

218

218

Other transport-related services include: 

– exploitation costs, 

– road tolls, 

– transit taxes, 

– overflight taxes

219

219

Tourism

Purchase/sale of foreign cash – non-residents 

– purchase/sale of foreign cash from/to non-residents. 

Excludes: 

– purchase/sale of foreign cash from/to residents (included in 796 or 700 – purchase/sale of foreign cash from/to resident natural persons).

701

701

Purchase/sale of cheques – non-residents 

– purchase/sale of cheques from/to non-residents. 

Excludes: 

– purchase/sale of cheques from/to residents (included in 795 – Purchase/sale of cheques from/to resident natural persons).

699

699

Sale/purchase of domestic currency abroad 

– sale of dinar cash abroad and its repurchase.

707

707

Payments abroad in respect of sold cheques of foreign issuers

-

341

Services in tourism 

Payments in favour of resident or non-resident legal entities and natural persons providing tourist services: 

– travel agency services, 

– accommodation services – hotels and other accommodation facilities, – restaurant services, 

– organization of excursions, 

– transport services provided by resident carriers to non-residents in the country, 

– tourist entertainment services, etc.

702

895

Other – tourist services 

– other: sale of goods and other services to tourists, hunting and fishing licenses.

705

702

Foreign business travel 

– costs of foreign business travel of residents for the purpose of performing all types of business activities. 

Excludes: 

– value of transactions of sale or purchase of goods, services, etc. by residents during business travel in the name and for the account of the company (included in 112 – Goods or corresponding services).

-

304

Compensation (refund) from non-resident for costs incurred during resident’s foreign business travel

343

-

Compensation for costs incurred and paid for by non-resident during business travel in our country

342

-

Tourist services – health services  

– costs and fees of treatment in hospitals, medical institutions and rehabilitation centres, 

– costs of medical treatment, etc.

401

804

Tourist services – education 

– total educational costs (scholarships and school fees), 

– specialization costs, 

– other educational costs.

812

812

Payment cards 

– payments for settlement of current account balance: settlement of payment card account balance. 

Includes: 

– payments in respect of payment cards for goods/services that the resident buys/uses during foreign travel; 

– collection of payment in respect of payment cards for goods/ services that the non-resident buys/uses during travel in the Republic of Serbia (hereinafter: the Republic).

532

132

Communications services

Telecommunications services 

– sound transfer, 

– information transfer by telephone or telex, 

– telegrams, 

– cable or satellite transmission,  

– use of SWIFT, 

– satellite viewing subscription, 

– lease of telecommunications capacities (satellites, etc.), 

– e-mail, etc.

245

245

Other communications services 

– support services to telecommunications and other services, postal services – including rental of mailboxes, services related to undelivered mail, delivery of mail, courier services, etc., 

– services paid through correspondent current account.

249

249

International postal money order 

– offsetting of debts and receivables with foreign post offices in respect of fund transfers by international postal money

271

271

Investment works 

(construction works, construction and installation)

Construction works abroad 

Construction works performed by residents abroad in the duration of up to one year, including: 

– preparation of the construction site, 

– building or road construction works, 

– construction and installation services, including imported equipment and instruments necessary for work on projects, 

– lease of construction or demolition equipment and staff, 

– construction repairs. 

Excludes: 

– construction works performed by branches of a resident or nonresident company abroad or in the country (included in 635 – Transactions between a parent legal entity and its branch); 

– preparation of site for mining, extraction of oil and gas (included in 306 – Agriculture, mining and in-field processing services); 

– payout of profit from construction works performed (included in 420 – Profit from construction works abroad).

317

317

Construction works abroad 

– advance payments in respect of investment works: advance payments or inflows under statements of works and cost estimates (referring to companies that must run separate bookkeeping for the business unit or that pay taxes in the country in which they perform the investment activity), 

– payments abroad in respect of performance of investment works. 

Excludes: 

– payment of profit from performed investment (construction) works (included in 420 – Profit from construction works abroad).

421

421

Construction works abroad 

– for costs paid in dinars – collections in respect of investment (construction) works abroad of costs paid in the country in dinars (except for goods).

422

-

Construction works performed in the country 

– foreign collections in respect of investment (construction) works performed by non-residents in the country in the duration of up to one year,

– all payments, including advance payments, in respect of investment (construction) works performed by non-residents in the country in the duration of up to one year.

475

475

Insurance

Insurance – premiums 

– collections and payments of insurance premiums and transfers in respect of life insurance paid by non-resident policyholders to resident insurance companies; 

– collections and payments with a foreign insurance company in respect of the following types of insurance: (a) insurance of investment works abroad performed by domestic companies and of the equipment for the performance of such works if so stipulated by the contract on the performance of such works or in the regulations of the country in which the works are performed; (b) insurance of foreign credits, for the purpose of insurance of repayment of such credits, if this is stipulated in the contract at the request of the lender; (c) insurance of ships under construction or repair, if this is explicitly stipulated in the contract with a foreign buyer or ordering party; (d) insurance of overseas ships against shippers’ liability for damage to third parties and their property; (e) insurance of goods exported from or imported into the Republic, if transport of such goods is not done at the risk of a domestic legal entity or natural person; (f) insurance with a foreign property insurance company of domestic companies owned by domestic entities or in joint ownership of domestic and foreign entities, founded for the purposes of doing business abroad, and insurance of employees of such companies – if this is required by the regulations of the foreign country or if it is explicitly stipulated in the deed of incorporation of such companies; (g) insurances that the applicant for a license of a competent authority in the Republic for clinical testing of medications and medical supplies or for release into trade of medical supplies of foreign producers can contract, in conformity with the law on medications and medical supplies, with foreign insurance companies against damages that may occur as a consequence of application of such medications or medical supplies, if the insurance contract acknowledges the jurisdiction of domestic courts and other bodies to decide on damage claims; (h) insurance of foreign persons in the Republic whose property can be insured with a foreign insurance company, unless mandatory insurance in the Republic has been prescribed for such property and such persons. 

Excludes: 

– transactions in respect of mutual refund of damages between a resident and a non-resident insurance company (included in 260 or in 261 – transfers in respect of insurance); 

– claims of residents in respect of non-resident’s policy (included in 260 or 261 – transfers in respect of insurance) 

– claims of non-resident in respect of resident’s policy (included in 260 or 261 – transfers in respect of insurance); 

– damage indemnity arising from commercial relations (included in 892 – Taxes and contributions – state or in 893 – Taxes and contributions – other sectors).

259

259

Insurance company fees

264

264

Reinsurance fees

267

267

Reinsurance – premiums

268

268

Reinsurance – damage indemnity

269

269

Payment of contributions to voluntary pension funds in the Republic 

Payments and collections effected by non-residents in respect of pension contributions to voluntary pension funds in the Republic

807

807

Financial services

Financial services, excluding insurance

All financial intermediation services and other services provided by residents to non-residents and by non-residents to residents, which include:

a) fees and charges relating to financial transactions, i.e. to: 

– receipt of deposits, 

– documentary credits, guarantees, etc., 

– financial leasing, 

– factoring, 

– transactions of purchase of debts and claims in respect of foreign trade transactions of residents, 

– credit transactions, 

– payment of damages between resident and non-resident insurance companies, 

– clearing payments, 

– foreign exchange transactions; 

b) services: 

– financial counselling, 

– financial assets management, 

– relating to payment card operations, 

– assessment of credit rating; 

c) other services.

400

400

Fees on transactions with securities 

Fees and charges relating to: 

– transactions with securities, 

– transactions with financial derivatives, 

– broker services, etc. 

Excludes: 

– payment of interest on investment in bonds and bills of exchange (included in 430 – Payment of interest on investment in debt securities) and on investment in money market instruments (included in 431 – Payment of interest on investment in money market instruments).

403

403

Computer and IT services

Computer and IT services 

Services relating to hardware, software, databases and services relating to media, subscriptions, etc. performed between residents and non-residents: 

Includes: 

– activities relating to databases, 

– production of computer programmes, 

– computer consultancy services, 

– repairs of computer equipment, 

– fees for services of newspaper companies, 

– fees paid to freelance journalists or photographs, 

– purchase and sale of exclusive information, 

– other information services. 

Excludes: 

– computer training costs (included in 409 – Audio-visual services); 

– fees for copyright and computer programme licenses (included in 301 – Industrial property rights (patents, licenses and trademarks).

302

302

Industrial property rights

Industrial property rights (patents, licenses and trademarks) 

Fees and other charges for the use of: 

– licenses and patents, 

– copyrights, 

– registered trademarks (words, symbols, design or their combination), – right to industrial processes and design (trademark, etc.), 

– licensed computer programmes, –product registration licenses, 

– other rights. 

Excludes: 

– purchase and sale of patents and licenses (included in 770 – Purchase and sale of patents, licenses and other intangible property)

301

301

Franchise

410

410

Other business services

Intermediation and other trade-related services

Agent and broker fees 

Fees for services performed by residents and non-residents in trade in goods and services: 

– fees payable to agents, brokers and intermediaries, 

– merchant fees, 

– mercantile broker fees, 

– dealer and commission agent fees, 

– expert appraisal services related to trade, etc. 

Excludes: 

– fee for use of patents and licenses 

(included in 301 – Industrial property rights (patents, licenses and trademarks) 

– broker services (included in 403 – Fees on transactions with securities); 

– insurance brokerage (included in 259 – Insurance – premium).

310

310

Operational leasing

Lease of equipment 

Includes all types of (operational) lease of equipment (machines, computers and other equipment). 

Excludes: 

– financial leasing (included in 575/175 – Financial leasing); 

– lease of telecommunications capacities (satellites, etc.) (included in 245 – Telecommunications services).

489

489

Lease of means of transport without crew 

– ships, 

– airplanes, 

– motor vehicles, including rent-a-car services, 

– railway container cars, platforms, etc., 

– other vehicles. 

Excludes: 

– sale of motor vehicles through leasing (included in 575/175 – Financial leasing).

490

490

Other business, professional and technical services

Research and development 

– fundamental and applied research, 

– laboratory and other services, 

– projects and documents, 

– participation fees for technical and scientific conventions, 

– refund of costs of organizing professional seminars, etc.

303

303

Legal, accounting and consulting services 

– legal counselling and representation (legal counsel services), 

– company, market, human resources and production management, 

– court expert services, 

– accounting consultancy, 

– audit, 

– tax consulting, 

– services of translation and publication of professional and scientific articles (royalties) etc.

304

304

Business consulting 

– consulting services related to business project management, 

– entrepreneurial and business consulting, 

– participation fees for business conventions, 

– refund of cost of organizing business conventions, etc.

305

305

Advertising and market research 

– advertising agency services,

– media advertising, 

– public opinion poll, 

– costs of organizing fair exhibitions, 

– presentation of products abroad,  

– market research, etc.

300

300

Architectural, engineering and other technical services 

– architectural and construction design services, 

– supervision of design implementation, 

– geodetic services, 

– services of technical control of products, 

– purchase of tender and bidding documentation, etc.

316

316

Agriculture, mining and in-field processing services 

– agricultural services (harvest, crop processing, breeding and vaccination of animals and services related to hunting, fishing and forestry), 

– mining services (production of oil and gas, mine engineering and geologic measurements), 

– waste processing services, 

– decontamination and recovery services, etc.

306

306

Warehousing 

Excludes: 

– warehousing on railway stations, airports and ports (included in Transport – other).

319

319

Control of quality and quantity of goods 

– technical testing of goods, 

– analyses and issuance of certificates, etc.

280

280

Other services 

– storing and search services, 

– photographic services, 

– cleaning services, 

– packing of goods, 

– utility services, 

– processing of tender documentation, 

– other services.

307

307

Further processing and repairs

Further processing of goods 

– collections and payment of fees for services of further processing of goods (e.g. oil refining, additional processing in textile and metal industry and other industries). 

Excludes: 

– value of goods for further processing (included in 112 – Goods).

315

315

Repairs of goods 

Collections or payments in respect of services of repair and servicing of goods. 

Excludes: 

– repairs performed by construction and installation companies (included in 317 – Construction works abroad); 

– repairs of computer equipment (included in 302 – Computer and IT services); 

– maintenance of devices and equipment at airports and in ports (included in 248 – Air transport – other and 208 – Maritime transport - other); 

– value of goods being repaired and installed (included in 112 – Goods).

314

314

Audio-visual services 

– fee for the provision of services relating to production of films, radio and television programmes and musical production, 

– rights of distribution of audio-visual products (film and television programmes), 

– television rights of broadcasting sport, concert and similar events, 

– payment of computer training costs, etc.

409

409

Cultural services 

– museum, library, theatre and orchestral services, 

– fees for membership in cultural organizations, 

– composers’ copyrights relating to music production, 

– organizing fashion shows, 

– copyright of performance of theatre plays and concerts, 

– services provided by cultural centres of embassies, 

– other cultural services.

765

765

Sport and recreation 

– participation fees for international sporting events, 

– membership fees for international sports organizations, 

– international transfers of professional sportspeople, 

– other.

760

760

Fees 

Fees of: 

– doctors and other medical personnel, 

– teachers and lecturers,

 – sportspersons, 

– actors and producers, 

– artists, musicians and journalists, 

– other.

810

780

Government services

Revenue and expenditure of national embassies, consular offices and military representative offices, and their staff and staff family members in foreign countries, including: 

– office supplies, 

– furniture, 

– utilities, 

– office vehicles and their maintenance, 

– official representation, 

– recovery of unspent funds that had been transferred to the accounts of diplomatic-consular offices of the Republic of Serbia abroad. Excludes: 

– employee wages and compensations (included in 600 – Wages and other compensations).

721

721

CURRENT ACCOUNTS – INCOME

Income from employment

Wages and other compensations: 

– to permanently or temporarily employed residents and non-residents in embassies, state institutions and other representative offices abroad, – to permanent or temporary employees in foreign diplomatic and other representative offices and international organizations in the Republic, 

- residents and non-residents permanently or temporarily employed by non-residents abroad and by residents in the Republic, 

– to border and seasonal workers.

600

600

Income from capital

Dividends 

– paid out profit in respect of share in capital, 

– paid out profit in respect of performing economic activities abroad 

– transfer of profit.

578

160

Profit from construction works abroad

420

-

Lease of land, real estate and business facilities 

– payments in respect of lease of land, real estate and business facilities between residents and non-residents, 

– collection of rent, etc. by a resident on account of capital invested in real estate abroad, 

– payment of rent, etc. to a non-resident on account of capital invested in real estate in the country. 

Includes: 

– payments in respect of right to use forests, hunting grounds, waters, mines, etc. when the non-resident/resident does not establish a legal entity for performing these activities in the country/abroad.

320

320

Interest on debt securities

Payment of interest on investment in debt securities

430

430

Payment of interest on investment in money market instruments

431

431

Interest

Interest on long-term credits 

Includes:

 – interest on syndicated loans, 

– interest on subordinated loans.

510

110

Interest on short-term credits 

Includes: 

– interest on short-term bank credit lines.

511

111

Interest on bank short-term time deposits

-

418

Interest on demand deposits and time deposits

512

512

Interest in respect of financial leasing

513

113

Other costs of foreign lending or credits taken from abroad

528

128

Payment of default interest

529

129

CURRENT ACCOUNTS – CURRENT TRANSFERS

Aid and grants – public sector 

– aid and grants to the public sector or public sector aid (subject to approval of competent authority).

802

801

Aid and grants – other sectors 

– payments between residents and non-residents in the form of cash grants, aid, inheritance, alimony, etc., 

– sponsorship of sporting and cultural events, etc., 

– regular collection of membership fees of religious, humanitarian, scientific and cultural organizations, 

– collection of money earned from games of chance.

767

767

Current public transfers 

– regular transfers of state institutions to international organizations, and vice versa, 

– membership fees and other transfers to international organizations, 

– compensation for foreign technical assistance, 

– transfers in respect of international police cooperation.

803

803

Taxes and contributions – state 

Collections and payments in respect of taxes, fees, court deposits, bails, penalties, taxes and awards, collections and payments in respect of court decisions and rulings, and collections and payments arising from deals between residents and non-residents, etc. 

Includes: 

– return of excess amounts paid in above respects.

892

892

Taxes and contributions – other sectors 

Collections and payments in respect of taxes, fees, court deposits, bails, penalties, taxes and awards, collections and payments in respect of court decisions and rulings, and collections and payments arising from deals between residents and non-residents, etc. 

Includes: 

– return of excess amounts paid in above respects.

893

893

Foreign exchange remittances from abroad to the benefit of resident natural persons – paid out in dinars

780

-

Foreign exchange remittances by natural persons 

– foreign exchange remittances by natural persons from abroad to the credit of foreign exchange accounts of resident natural persons in the Republic, 

– foreign payments from foreign exchange accounts of resident natural persons, 

– payments (moderate remittances) made by non-resident (resident) natural persons residing in the Republic or abroad for over one year to residents (non-residents), most frequently as payments among family members, etc.

781

894

Workers’ foreign exchange remittances 

– workers’ foreign exchange remittances from abroad to the benefit of legal entities – organizations for social insurance in respect of pension insurance of workers and health insurance of their families,

– payments to the credit of foreign exchange accounts of the above workers.

782

-

Annuities, pensions, disability benefit and other social benefits – state 

– payment of contributions for social insurance by non-residents to the benefit of social funds in the Republic and payout from such funds for pensions and social benefits to non-residents by social funds in the Republic.

800

800

Annuities, pensions, disability benefits and other social income – other sectors 

– payment of social insurance contributions to the benefit of foreign funds or countries and payout of pensions and other social benefits from such funds.

806

806

Transfers in respect of insurance 

– collections in which both the foreign insurance company policyholder and the beneficiary are residents, 

– payments in which both the domestic insurance company policyholder and the beneficiary are non-residents. 

Includes: 

– transactions in respect of reciprocal refund of damages between a resident and a non-resident insurance company; 

– claims in respect of insurance policy. 

Excludes: 

– fees relating to transactions on interim accounts for payout of damages between a resident and a non-resident insurance company (included in 400 – Financial services, except insurance).

260

260

Transfers in respect of insurance 

– collections in which the foreign insurance company policyholder is a non-resident and beneficiary is a resident, 

– payments in which the domestic insurance company policyholder is a resident and beneficiary is a non-resident. 

Includes: 

– transactions in respect of reciprocal refund of damages between a resident and a non-resident insurance company; – claims in respect of insurance policy. Excludes: – fees relating to transactions on interim accounts for payout of damages between a resident and a non-resident insurance company (included in 400 – Financial services, except insurance)

261

261

CAPITAL AND FINANCIAL ACCOUNT

Capital transfers

Capital transfers – public sector 

Public sector transfers to non-residents and non-resident transfers to the public sector (money transfers that increase fixed capital in the country: e.g. cash subsidies for investment projects and inter-governmental damage indemnity paid at government level, concessions for natural resources, forests, springs, etc.).  

Excludes: 

– concessions for infrastructure etc. (included in 557/157 – Direct investments –investment by non-residents in the Republic).

901

901

Transfers of other sectors

Migrant transfers 

– transfers of funds relating to migration of individuals from one economy to another.

768

768

Change of status 

– transfers between accounts of residents and non-residents due to change in status.

640

640

Capital account – sale and purchase of non-manufacturing and non-financial assets

Purchase and sale of patents, licences and other intangible property (includes payment of compensation for concessions)

770

770

Sale of real estate to foreign diplomatic representative offices and/or purchase of real estate from such representative offices

771

771

Financial account

Direct investments

Direct investments – investment by non-residents in the Republic

Transactions resulting from purchase and sale of shares or ownership stake in the share capital of resident legal entity and other transactions aiming to increase non-resident’s stake in an established resident legal entity 

– payment of founding stake (founding of legal entity, branch, etc.), 

– capital increase, 

– payment for losses, 

– concessions for infrastructure, etc.

557

157

Sale of ownership stake in another domestic company 

– collection of payment by a resident legal entity from a non[1]resident for the sold ownership stake in another resident legal entity, 

– payment to the benefit of a non-resident for sold ownership stake in another resident legal entity.

666

666

Direct investments – investment by residents abroad 

– share of domestic capital in a foreign bank and legal entity, all investments in shares of foreign legal entities and banks and reduction of share in capital.

579

179

Sale and purchase of real estate in the Republic

538

138

Sale and purchase of real estate abroad

539

139

Payment of foreign capital by the founder that does not increase the share capital

560

560

Transactions between parent legal entity and its branch 

Excludes: 

– founding of companies (included in 557/157 – Direct investments – investment by non-residents in the Republic or in 579/179 – Direct investments – investment by residents abroad).

635

635

Investment in equity securities

Portfolio investments by residents  

– payments for the purpose of purchasing equity securities that are not direct investments, and which have been issued by non-residents. 

Excludes: 

– equity securities that are direct investments (included in 579/179 – Direct investments – investment by residents abroad).

519

519

Portfolio investments by non-residents 

– payments for the purpose of purchasing equity securities that are not direct investments, and which have been issued by residents. 

Includes: 

– sale of foreign currency denominated domestic securities issued by residents abroad. 

Excludes: 

– equity securities that are direct investments (included in 557/157 – Direct investments – investment by non-residents in the Republic).

518

518

Investment in debt securities including long-term and short-term debt securities

– sale and purchase of long-term debt securities issued by non-residents, 

Also includes: 

– long-term debt securities issued by OECD members countries and international financial institutions – other long-term debt securities;

540

540

– sale and purchase of long-term debt securities issued by residents;

541

541

– collection in respect of sale of foreign currency denominated domestic securities issued abroad;

902

-

– payment in respect of purchase of foreign currency denominated domestic securities issued abroad and purchased by residents;

-

902

– sale and purchase of short-term debt securities issued by non-residents;

542

542

– sale and purchase of short-term debt securities issued by residents.

543

543

Financial derivatives

Received payment from a non-resident for net settlement in respect of an option issued by non-residents, but not for the actual purchase/sale of the underlying instrument, and inflow from the sale of option during the option validity term and/or payment of premium to non-resident for the purchase of the option issued by non-residents. 

Also including: inflow and outflow under warranties.

547

547

Received payment of premium from a non-resident in respect of sale of an option issued by domestic issuers or payment to non[1]resident for net settlement in respect of the sold option of the domestic issuer, but not in respect of the actual sale of the underlying instrument Also including: inflow and outflow under warranties.

548

548

Inflow or outflow in respect of net settlement of forward instruments issued by non-residents (forward, future, swap, etc.) 

Also including: 

– currency forward and interest rate forward; 

– foreign exchange swap and interest rate swap;

– cross currency interest rate swap; 

– futures – outflow under initial margin and variation margin payments, and/or inflow from withdrawal of funds above the initial margin.

742

742

Inflow or outflow in respect of net settlement of forward instruments issued by residents (forward, futures, swap, etc.) 

Also including: 

– futures – inflow and outflow under initial margin and variation margin payments.

743

743

Financial account – other investments – credits and financial leasing (principal)

Long-term credits from abroad 

– disbursement of long-term foreign credits (with repayment period over one year) and repayment of principal. 

Includes: 

– disbursement of long-term financial credits and repayment of principal on such credits; 

– repayment of principal on long-term commercial and commodity credits.

521

121

Short-term credits from abroad 

– disbursement of short-term foreign credits (with repayment period of up to one year) and repayment of principal in that respect. 

Includes: 

– disbursement of short-term financial credits and repayment of principal on such credits; 

– repayment of principal on short-term commercial and commodity credits; 

– repayment of principal on short-term bank credit lines with a foreign bank used by an authorized bank.

522

123

Bank short-term time deposits 

– disbursement of short-term time deposits of banks with repayment period of up to 12 months paid in foreign exchange by foreign banks to the account of authorized banks, and repayment of principal in that respect.

618

118

Long-term lending 

– disbursement of long-term credits extended to non-residents (with repayment period over one year), and collection of principal in that respect. 

Includes: 

– disbursement of long-term financial credits and collection of principal on such credits; 

– collection of principal on long-term commercial and commodity credits.

517

166

Subordinated credits from abroad

520

120

Subordinated lending

619

119

Short-term lending 

– disbursement of short-term credits to non-residents (with repayment period of up to one year) and collection of principal in that respect. Includes: 

– disbursement of short-term financial credits and collection of principal in respect of such credits; 

– collection of principal in respect of short-term commercial and commodity credits; 

– collection of principal in respect of short-term bank credit lines disbursed by a foreign bank with an authorized bank.

523

169

Syndicated credits taken abroad by a resident via agent bank in the Republic 

– payment of share of non-resident banks for participation in the syndicated credit approved to a resident, and rebate of such funds.

526

126

Syndicated credits taken abroad by a resident via agent bank abroad 

– payment of share of resident banks for participation in the syndicated credit approved to a resident for payment of imports of goods and services from abroad, and rebate of such funds.

535

135

Syndicated credits approved to non-residents via agent bank in the Republic 

– payment of share of non-resident banks for participation in the syndicated credit approved to a non-resident, and rebate of such funds.

537

137

Syndicated credits approved to non-residents via agent bankabroad 

– payment of share of resident banks for participation in the syndicated credit approved to a non-resident, and rebate of such funds.

536

136

Guarantees in respect of credit arranged between two non-residents abroad 

– collection and payment in respect of activated guarantee of an authorized bank issued in respect of a credit between two residents abroad.

534

134

Warranty in respect of credit arranged between two non-residents abroad 

– collection and payment in respect of activated warranty of a resident legal entity issued in respect of a credit arranged between two non-residents abroad.

544

144

Financial leasing 

– provision or repayments in respect of financial leasing (lease equal to product economic lifetime, with possibility to purchase goods after end of lease). 

Excludes: 

– payment for use of equipment, vehicles and other means of transport in respect of operational leasing (included in 490 – Lease of means of transport without crew).

575

175

Financial account – deposits

Foreign cash and cheques – non-residents  

– depositing of foreign cash, dinars and cheques to current accounts and non-resident deposits, 

– foreign cash and dinars withdrawn and cheques issued from current accounts and non-resident deposits.

898

898

Time deposits of non-residents 

– increase and/or reduction in time deposits of non-residents (foreign banks and other non-residents).

504

104

Deposits of foreign banks 

– increase and/or reduction in deposits on accounts of foreign banks and other financial organizations denominated in foreign currency and in dinars (accounts 5007 and 4007).

501

101

Deposits of other foreign entities, including natural persons 

– increase and/or reduction in deposits on accounts of foreign entities in foreign currency and dinars (accounts 5007 and 4007).

502

102

Short-term deposits of domestic banks 

– reduction and/or increase in short-term deposits with foreign banks.

505

105

Payments from dinar accounts of non-residents in the country 

– payments in the country that are not deemed to constitute a foreign trade transaction, etc. from accounts of non-residents (account 4007).

704

-

Received cover for cheques 

– received cover for cheques and/or cheques submitted for redemption abroad and use of cover for cheques drawn on foreign banks.

515

115

Received cover for withdrawn foreign cash 

– received cover for foreign cash withdrawals from savings passbooks of non-residents with domestic banks and/or foreign cash withdrawals from savings passbooks of foreign banks.

508

108

Reduction and/or increase of domestic capital in international financial organizations (deposits in international financial organizations) 

Excludes: 

– membership fees in international financial organizations (included in 803 –Current public transfers).

580

180

Purchase and sale of foreign exchange and dinars between a bank and a non-resident bank

888

888

II. TRANSACTIONS BETWEEN RESIDENTS AND NEUTRAL TRANSACTIONS

Agreed sale and purchase of claims and liabilities arising from foreign trade and credit transactions of residents

845

145

Withdrawal and depositing of foreign cash of resident natural persons from the cash vault in respect of personal transfer of means of payment from/to abroad via a bank, and payout of means of payment from abroad, including so-called quick money transfer

805

805

Purchase and sale of foreign cash from resident natural persons

796

700

Purchase and sale of cheques from resident natural persons

795

795

Depositing of foreign cash and travellers cheques to accounts and savings deposits of residents in foreign currency and withdrawal of such foreign cash and travellers cheques

797

897

Purchase of foreign exchange assets from accounts of non-residents and sale of foreign exchange assets to non-residents

703

703

Transfers from foreign exchange and dinar accounts of non-residents from the account of one bank to foreign exchange and dinar accounts of non-residents in another bank

503

103

Transfer from accounts abroad to accounts in the Republic, and crediting of foreign exchange accounts abroad

530

130

Payments for settlement of balance on correspondent current account: settlement of balance on long-term production cooperation accounts

533

133

Transfer of cover for confirmed documentary credits and guarantees and return of unused cover for confirmed documentary credits and guarantees

411

411

Sale and purchase of foreign cash abroad: transfer of foreign cash to account abroad (to the debit of Account 050 and to the credit of Account 051), crediting of Account 051 with foreign cash purchased abroad (to the debit of Account 051 and to the credit of Account 050)

552

152

Unperformed payments in respect of foreign collections when conditions for making payments are not met (Account 509) and rebate of such funds abroad

909

109

Transfer of foreign exchange through account abroad between the National Bank of Serbia and authorized banks (NOTE: when crediting Account 050 for the National Bank of Serbia, the bank shall use code 155 and the National Bank of Serbia code 555; when crediting Account 050 of a bank, the bank shall use code 555 and the National Bank of Serbia code 155)

555

155

Transfer from Account 050 to another Account 050 within a single bank (if code 561 is used, there must also be outflow with code 161 and identical data; if code 161 is used, there must also be inflow with code 561 and identical data)

561

161

Transfer from Account 051 to another Account 051 within a single bank (if code 583 is used, there must also be outflow with code 183 and identical data; if code 183 is used, there must also be inflow with code 583 and identical data – transfer of cash between cash vaults)

583

183

Transfer from Account 050 of one bank to Account 050 of another bank: the bank receiving the funds uses code 562 and the bank transferring the funds uses code 162 (NOTE: if one of the banks is the National Bank of Serbia, codes 155 or 555 must be used instead of these codes)

562

162

Transfer in the country in respect of foreign cash transfers: transfer of foreign cash between banks via collective centres (use of code allowed only on Account 051) (NOTE: the bank transferring the funds uses code 163 and the bank receiving the funds uses code 563)

563

163

Purchase of foreign cash and cheques from licensed exchange dealers and sale of foreign cash and cheques to licensed exchange dealers

572

573

Depositing and withdrawal of foreign cash performed by a licensed exchange dealer

576

176

Transfer between foreign exchange accounts in the Republic (NOTE: reference code 165 is used for debiting the account form which transfer is effected and reference code 565 is used for crediting the account to which transfer is effected)

565

165

Payment in respect of foreign currency savings (so-called frozen foreign currency savings deposits) – bonds and foreign cash

-

900

Purchase and sale of foreign exchange: sale of one and purchase of another currency

577

177

Return of stolen foreign cash and/or robbery and theft of foreign cash

198

198

Transfer of funds from the beneficiary’s bank to the paying bank

569

-

Exchange of foreign currencies for the euro

568

168

Conversion

567

167

Collections, payments, in-payments and out-payments that can be performed in the Republic in foreign cash

808

808

Purchase and sale of foreign cash between the National Bank of Serbia and authorized banks in respect of temporary payment transactions with Kosovo and Metohija, and humanitarian aid and grants

899

899

Foreign payments to the National Bank of Serbia in respect of obligations of FR Yugoslavia and state union of Serbia and Montenegro for which the National Bank of Serbia acts as agent

912

-

Purchase and sale of foreign cash performed by the National Bank of Serbia in respect of authorized banks in the Interbank Foreign Exchange Market

910

910

Disbursement and repayment of syndicated credits taken by a resident abroad via agent bank in the Republic

913

913

Account mismatch (open items) and incorrect entries

599

199

Interbank clearing (net settlement) of international payments effected by the National Bank of Serbia

914

914

Code

Title

1

remittances, letters of credit and cheques

2*

cancelled remittances, letters of credit and cheques

3

use of documentary credit

4*

cancelled documentary credit

5

foreign cash

6*

cancelled foreign cash

Identification number

Description

07000006

natural person – Serbia excluding autonomous provinces

08000000

natural person – AP Vojvodina

09000003

natural person – AP Kosovo and Metohija