Serbia: VAT law changes pending consideration | KPMG | GLOBAL

Serbia: VAT law changes pending consideration

Serbia: VAT law changes pending consideration

A bill to amend the value added tax (VAT) law in Serbia has been sent to the Parliament for its consideration. Among the pending VAT law changes are measures that would:


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  • Impose VAT on the party acquiring assets (under the going concern rules of article 6) if the article 6 provisions were no longer to apply
  • Allow a foreign entity to register for VAT by appointing a “tax proxy”
  • Extend a special rule for goods and services used in the construction sector
  • Provide rules for electronically provided services by foreign entities
  • Impose new rules for the supply of certain utilities including electricity, natural gas, heating and cooling energy
  • Provide rules for when VAT liability arises on the transfer or assignment of copyrights, patents, trademarks, and similar items
  • Define “subsidies” 
  • Apply a reduced VAT rate of 10% for the hospitality sector
  • Not allow deductions by employers for VAT paid with respect to employee meals and transportation
  • Revise the VAT rules for second-hand goods
  • Require VAT returns to be filed 15 days for both monthly and quarterly VAT returns


Read a September 2015 report [PDF 136 KB] prepared by the KPMG member firm in Serbia: The Government of Serbia Has Adopted Draft Law on Amendments of the VAT Law

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