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.


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

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