Amendments concerning customs declarations and application of VAT rules

• Customs: a foreign entity cannot be an exporter of goods. As a result, the Rulebook amendments specify the treatment when a foreign entity removes goods outside the territory of Serbia.
• VAT:  the Rulebook amendments are closely related to the application of VAT rules and specifically regarding the right to exercise a VAT exemption for export of goods by a foreign entity and the right to deduct VAT paid for imports in certain situations.

Source KPMG

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