Serbia: VAT revisions effective 15 October | KPMG | GLOBAL

Serbia: VAT revisions effective 15 October

Serbia: VAT revisions effective 15 October

A new law providing changes to the value added tax (VAT) in Serbia was enacted, and the changes are effective 15 October 2015.


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Among the items are new measures or rules concerning:

  • VAT registration for foreign entities
  • The supply of electricity, natural gas, heating and cooling energy
  • The transfer of assets (either full or partial transfers)
  • Extension of a special regime for goods and services related to construction projects
  • Services provided electronically by foreign entities 
  • Changes to the date when liability for VAT arises with respect to certain services for the transfer, assignment, or granting of rights, patents, licenses, trademarks, and other intellectual property rights
  • Subsidies not included in the tax base
  • Application of a reduced VAT rate of 10%
  • Deduction of VAT on employee meals and transportation
  • Special regime for second-hand goods 
  • Quarterly VAT returns (shortened due date to 15 days)


Read an October 2015 report [PDF 117 KB] prepared by the KPMG member firm in Serbia: VAT Alert

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