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…)