Serbia: VAT measures effective beginning 1 January 2021

Serbia: VAT measures effective beginning 1 January 2021

Measures amending the value added tax (VAT) law in Serbia will be effective 1 January 2021.


Among the VAT law changes are provisions concerning the treatment of VAT on supplies used in construction; the exemption from VAT for supplies of goods under the “inward processing regime;” electronic invoicing (e-invoicing) by specifically including a definition of electronic invoices; the supply of movables goods cannot be considered as auxiliary supply of goods with supply of building or economically separable unit within a building that is considered to be real estate; and the VAT base.

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

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