Serbia's parliament in late December 2016 adopted legislation amending certain value added tax (VAT) measures. The changes generally are effective 1 January 2017 and include amendments to the rules regarding:
Read a January 2017 report [PDF 113 KB] prepared by the KPMG member firm in Serbia
Legislation enacted in late December 2016 concerns the excise tax (excise duty) on coffee and tobacco products.
One measure introduces a requirement that certain coffee packages be subject to excise tax stamps, while low-alcohol content beverages (alcohol content below 5%) are exempt from the stamp requirement.
There are also changes concerning excise tax refund procedures.
The excise tax amendments regulating coffee are effective 1 January 2018. The other changes generally are effective beginning 1 January 2017.
A measure requiring that excise tax returns be filed electronically has been extended to 1 January 2018.
Read a January 2017 report [PDF 167 KB] prepared by the KPMG member firm in Serbia: Adopted amendments to the law on excise duties
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