Serbia: Tax procedure and administration, new measures enacted

Serbia: Tax procedure and administration

Legislation enacting tax procedural and administrative measures have been enacted. The most significant changes concern:

  • The status of open investment fund and alternative investment fund, and changes that essentially recognize funds that do not have the status of a legal entity as taxpayers and remove tax obstacles to their functioning.
  • Rules for submitting a request for transfer, refund or deferral of tax in electronic form, effective 1 January 2021
  • Tax identification number granted to a legal entity whose founder has unpaid tax debts
  • Prohibition of registration of stock changes with the Business Registers Agency
  • Electronic delivery to taxpayers of a “tax act” (by the tax authorities)
  • Deferral of payment of tax liabilities in order to mitigate the economic consequences of the coronavirus (COVID-19) pandemic
  • Settlement of tax liability by an in-kind payment of property
  • Seizure of goods under certain instances during an audit procedure
  • Off-balance sheet accounting maintained by the tax authorities
  • Changes to situations of value added tax (VAT) fraud if ungrounded declaration of VAT refund or credit or VAT avoidance

Read a December 2020 report prepared by the KPMG member firm in Serbia

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