- The proposed amendments to the VAT Law were adopted on November 27, 2024, and will take effect from January 1, 2025, with a few exceptions
- New regulations for adjusting the VAT base when the reverse charge mechanism is used
- Introduction of VAT calculation for transfers of whole or partial property and in cases meeting tax exemption conditions
- New guidelines for determining VAT on services included in the customs value of imported goods
- Methods for adjusting the tax base and VAT following changes in the base
- New criteria for deducting input tax depending on whether the supplier or recipient is a tax debtor
- Options for correcting previous tax deductions following reductions in advance payments or cancellations of invoices
- Mandatory issuance of confirmation for value changes in received agricultural products and services
- Requirement to prepare an internal invoice
- VAT registration application deadline set to 5 days after reaching the VAT registration threshold of RSD 8,000,000
- Obligation for VAT deregistration to be requested at least 15 days before a status change for taxpayers ceasing to exist due to status change
- Deadline for requesting a change of tax period set to December 20, 2024
- Regulations for cancelling invoices and reducing calculated VAT
- Abolition of Form POPDV scheduled for January 1, 2026
- Introduction of a preliminary tax return starting January 1, 2026
Source: taxand.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
