Serbia: VAT refunds to foreign taxpayers for 2021

VAT law allows a refund to foreign taxpayers of Serbian VAT charged on supplies of goods and services

VAT law allows a refund to foreign taxpayers

Serbian value added tax (VAT) law allows a refund to foreign taxpayers of Serbian VAT charged on supplies of the goods and services purchased within Serbia.

VAT can be refunded under the following conditions:

  • If the VAT for the supply of goods and services is stated in the invoice, and if that invoice is paid.
  • The minimum amount for a VAT refund in Serbia is €200, in Serbian dinar equivalent.
  • If conditions, which allow VAT payer to use the right to deduct input VAT for purchased goods and services, are met.
  • If the VAT payer has not supplied any goods and services in Serbia, apart from the zero-rated transport of goods, transport of passengers by bus, for which the Customs Authority charge VAT, as well as goods and services for which the recipient is obliged to charge input VAT.

VAT refund is possible only for legal entities established in countries with which Serbia has reciprocity.

A request for a VAT refund for 2021 can be submitted by 30 June 2022 at the latest.

In order to submit a VAT refund request, a foreign taxpayer would need to obtain a Serbian tax identification number.

Read an April 2022 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.