NewsCase StudiesEvents

VAT Law Amendments In Serbia

Also in the news...

International Trade Week launched to support new exporters

Trade department support for exporters in week-long event taking place next month

Moving Abroad For Work: How To Manage Your Finances

Relocating to a new country to start a business or get an exciting new role is an exhilarating process, but you need to make sure that you’re fully prepared.

International Trade Secretary opens the Global Investment Summit

Secretary of State for International Trade, Anne-Marie Trevelyan, welcomes overseas investors and delegates to the Global Investment Summit in London.

Croatia: providing services and travelling for business

Guidance for UK businesses on rules for selling services to Croatia.

Prime Minister and Bill Gates launch £400m partnership to boost green investment

The strategic partnership with the Breakthrough Energy Catalyst will mobilise £200 million of private sector funding over 10 years.

VAT Law Amendments In Serbia

Back to News

Serbia Managing Director Jelena Cuk and VAT expert Jacek Szufan outline some key aspects of the draft Law on Amendments of the VAT Law which has been forwarded to the Serbian Parliament for adoption.

From 1 October 2015 foreign entities will be able to register for VAT in Serbia by appointing a tax proxy – the proxy acts in the name of the foreign entity and for its account, holding joint liability.

Requirements for registration of foreign entities for VAT have not been specifically defined at this point. Serbian tax administration is yet to issue guidance about this. While this remains undefined, requirements for the tax proxy have been clearly outlined as per the below:

  • Registered for VAT for at least 12 months
  • No outstanding tax liabilities as of when the request is submitted
  • No criminal or tax offence convictions
  • Received status of the proxy by the Tax Authorities decision

The draft Law on Amendments of the VAT Law also stipulates that where services are provided electronically by a foreign entity that is not obliged to register for VAT in Serbia, to an entity/individual that does not pay VAT, the duty to charge VAT sits with an entity that collects in the name and for the account of the foreign entity.

The quarterly and monthly VAT return submission deadline has been shortened to 15 days from 1 January 2016 while a VAT calculation breakdown will need to be prepared and submitted along with the tax return as of 1 January 2017.

Got questions? Contact our expert VAT team.

You are not logged in!

Please login or register to ask our experts a question.

Login now or register.