On 14 December 2017, the Serbian Parliament adopted amendments to the VAT Law, which were published in the Official Gazette of the Republic of Serbia No.113/2017. The adopted amendments will go into force on 1 January 2018, with exception of certain provisions (see below)
Postponement of the application of the new Rulebook on VAT records
The application of new Rulebook on keeping VAT records and VAT calculation overview as well as obligation to submit VAT calculation overview along with the monthly VAT return, which was to apply from January 1 2018, is postponed for six months.
Therefore, this important change in VAT reporting will start to apply starting from the filling of tax return for July 2018 (for monthly taxpayers) or July-September 2018 (for quarterly taxpayers).
Please see full Alert from Grant Thornton Serbia attached that includes information on additional VAT changes including:
– Supply of goods and services between concessionaire and grantor of concession
– Tax exemption for supply of goods that passenger despatches abroad in its personal luggage
– Non-eligibility for input tax deduction
– Adjustment of input tax deduction based on the Decision of the tax authority
– The place of supply of the single tourist service
– Taxation of the investment gold
– Extension of the right for VAT reimbursement to the buyer of the first apartment
