NewsCase StudiesEvents

VAT Law Amendments In Serbia

Also in the news...

A Step By Step Guide To Forex Trading

Forex Market is also known as Foreign Exchange Market or Currency Trading Market.

Obtaining A Business License In Italy: The Ultimate Guide

Obtaining a business license in Italy: what you need to know

New immigration system: what you need to know

The UK has introduced a points-based immigration system.

Preparing for the Customs Declaration Service

Find out what you need to do to prepare for making declarations on the Customs Declaration Service.

Online Business Set-Up: 5 Tips to Help Your Website Rank in the UK

If you’re setting up a new online business, having a user-friendly website and sound SEO strategy that’s tailored to your target market is important. And if you’re targeting British consumers, there are a few SEO boxes you can tick to ensure you rank well on UK-based searches and drive the right traffic back to your website.

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.