Done at Belgrade and Brussels, this 12th day of September in the year 2023.
For the Government of the Republic of Serbia, For the Commission, on behalf of the European Union, as the representative of the Republic of Serbia,
Kerstin JORNA Siniša MALI Director-General Deputy Prime Minister and Minister of Finance Directorate-General for Internal Market,
Industry, Entrepreneurship and SMEs
ANNEX I: Rules governing the financial contribution of Serbia to the Single Market Programme (2021-2027)
ANNEX II: Sound Financial Management
Annex I
Rules governing the financial contribution of the Republic of Serbia to the
Single Market Programme (2021-2027)
I. Calculation of Serbia’s financial contribution
1. The financial contribution of Serbia to the Single Market Programme shall be established on a yearly basis in proportion to, and in addition to, the amount available each year in the Union budget for commitment appropriations needed for the management, execution, and operation of the Single Market Programme.
2. The participation fee referred to in Article 3(7) of this Agreement shall be phased in as follows:
2021: 0,5%;
2022: 1%;
2023: 1,5%;
2024: 2%;
2025: 2,5%;
2026: 3%;
2027: 4%.
3. In accordance with Article 3(5) of this Agreement, the initial operational contribution to be paid by Serbia for its participation in the Single Market Programme will be calculated for the respective financial years by applying an adjustment to the contribution key.
The adjustment to the contribution key shall be:
The coefficient used for the above calculation to adjust the contribution key shall be 0.01 for 2021 and 0.50 for 2022-2027.
II. Payment of Serbia’s financial contribution
1. The Commission shall communicate to Serbia, as soon as possible and at the latest when issuing the first call for funds of the financial year, the following information:
a. the amounts in commitment appropriations in the Union budget definitively adopted for the year in question for the budget lines covering participation of Serbia, in Single Market Programme;
b. the amount of the participation fee referred to in Article 3(7) of this Agreement;
On the basis of its Draft Budget, the Commission shall provide an estimate of information for the following year under points (a) and (b) as soon as possible, and, at the latest, by 1 September of the financial year.
2. The Commission shall issue, at the latest in April of each financial year, a call for funds to Serbia corresponding to its contribution under this Agreement.
Each call for funds shall provide for the payment of Serbia’s contribution not later than 30 days after the call for funds is issued.
For the first three years of implementation of this Agreement, the Commission shall issue a single call for funds, within 60 days following the date on which this Agreement starts producing legal effects.
3. Serbia shall pay its financial contribution under this Agreement in accordance with point II of this Annex. In the absence of payment by Serbia by the due date, the Commission shall send a formal letter of reminder.
Any delay in the payment of the financial contribution shall give rise to the payment of default interest by Serbia on the outstanding amount from the due date.
The interest rate for amounts receivable not paid on the due date shall be the rate applied by the European Central Bank to its principal refinancing operations, as published in the C series of the Official Journal of the European Union, in force on the first calendar day of the month in which the due date falls, increased by three and a half percentage points.