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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