The European Commission today issued a release announcing that Serbia has agreed to agreements (conventions) on a common transit procedure and on the simplification of formalities in trade of goods.
The EC release reports that Serbia deposited its instrument of accession on 9 December 2015 and therefore joins the conventions on 1 February 2016.
Accordingly, common transit operations with Serbia and the current contracting parties (the EU, the EFTA countries, the former Yugoslav Republic of Macedonia and Turkey) can begin from this date with Serbia. The extension will bring major simplifications for economic operators engaged in trade between the contracting parties.
Read a December 2015 report [PDF 142 KB] prepared by the KPMG member firm in Serbia: Tax Alert
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