The Proposal of the new Rulebook on the form, contents, manner of keeping VAT records, and on the form and contents of the VAT calculation breakdown

The new Rulebook on the form, contents, manner of keeping VAT records, and on the form and contents of the VAT calculation breakdown (hereinafter: the Rulebook) is currently under deliberation by the competent authorities, and its application is planned as of January 1, 2018. (more…)

Several Ministry of finance rulings have been published in the past period, aimed at clarifying and elaborating on the implementation of provisions of the Law on Value Added Tax (hereinafter “VAT Law”), Law on Corporate Income Tax and Property Tax Law. (more…)

Several Ministry of finance rulings have been published in the past period, aimed at clarifying and elaborating on the implementation of provisions of the Law on Value Added Tax (hereinafter “VAT Law”).
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Non-resident taxpayers can submit a VAT refund request for 2016 by 30 June 2017

Serbian VAT Law allows a refund to non-resident taxpayers of Serbian VAT charged on supplies of goods and services purchased within Serbia. (more…)

Several Ministry of finance rulings have been published in the past period, aimed at clarifying and elaborating on the implementation of provisions of the Law on Value Added Tax (hereinafter “VAT law”), Law on Corporate Income Tax and Law on Tax Administration and Tax Procedure.
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March 17, 2017

The Ministry of Finance of the Republic of Serbia adopted the Rulebook on interest rates that are considered to be in accordance with the “arm’s length” principle for 2017 (hereinafter referred to as: the Rulebook). The Rulebook was published in the “Official Gazette of the Republic of Serbia”, No. 21/2017 dated March 10, 2017 and will come into force on March 18, 2017. (more…)

Several Ministry of finance rulings have been published in the past period, aimed at clarifying and elaborating on the implementation of provisions of the Law on Value Added Tax (hereinafter “VAT Law”), Law on Corporate Income Tax, and Law on Personal Income Tax. (more…)

On March 6th, 2017, three new VAT Rulebooks were adopted with respect to the rental of vehicles, supply of food and drinks for immediate consumption and supply of services related to real estate.
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On 30th of March 2017, Ministry of Finance published on their website 2016 Annual Income Tax Instructions (hereinafter: Instructions).

Tax payers for the annual income tax are tax residents for their worldwide income and tax non-residents for their income sourced in Serbia. (more…)

VAT Law amendments

Serbian National Assembly has enacted VAT Law amendments which came into force on January the 1st 2017.

Amendments of the VAT Law envisages new rules on determining place of supply of services, time of supply, simplification of the requirements for input VAT deduction and clarification of situations when foreign entity is obliged to register for VAT in Serbia. (more…)