Serbia: VAT amendments effective 1 January 2021

Serbia: VAT amendments effective 1 January 2021

The Ministry of Finance adopted several amendments to the “rulebooks” regulating the application of certain value added tax (VAT) provisions, effective 1 January 2021.

1000

Related content

The amendments concern the:

  • Rulebook on goods and services in the construction sector and specifically on determining the value of a supply for purposes of applying the special rule for supplies in construction
  • Rulebook on the method for determining the tax base in calculating VAT for supplies of goods and services and prescribing amounts to be declared separately in VAT invoices
  • Rulebook on VAT exemptions with a right to deduct input tax
  • Rulebook on the method for calculating and adjusting proportional tax deductions
  • Rulebook on VAT registration and procedures related to the VAT return
  • Rulebook on determining second-hand goods, works of art, collectors’ items and antiques


Read a January 2021 report prepared by the KPMG member firm in Serbia

The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organization. KPMG International Limited is a private English company limited by guarantee and does not provide services to clients. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.

Connect with us

 

Want to do business with KPMG?

 

loading image Request for proposal