Serbia: Updates to VAT Rulebook in Official Gazette
The Serbian Official Gazette published a regulation amending the VAT rulebook, introducing several key measures:
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Calculation of VAT:
- VAT calculation based on market value for goods and services sold by independent sellers.
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Definition of Independent Sellers:
- Definition and criteria for independent sellers, determining market value for goods and services without established values.
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Tax Exemption Documentation:
- Specification of required documents for tax exemption on goods entering free zones and for sales of goods in customs warehousing procedures by VAT payers.
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Tax Exemption Confirmation:
- Exemption of VAT payers from tax obligations with documentation confirming tax exemption under international agreements by competent authorities.
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VAT Refunds for First-time Apartment Buyers:
- Provision for VAT refunds to first-time apartment buyers, subject to specified conditions.
These amendments, effective from January 1, mark significant updates to VAT regulations in Serbia.
Source: pravno-informacioni
