Serbia

Serbia e-Services VAT rules

January 30th, 2017

From 1 April 2017, Serbia is to require non-resident providers of electronic services to consumers to VAT register and charge local VAT.  The VAT rate in Serbia is 20%. The change brings the country into line with the EU place of supply VAT 2015 reforms on EU-based providers of e-services.


Serbia

Serbia VAT records

October 30th, 2016

From 1 January 2017, VAT registered businesses in Serbia will be required to comply with new record keeping rules. The tax authorities have categorized all invoices and business documentation into 13 types – including invoices, credit notes, exports and imports etc. Each category of documentation comes with detailed informational requirements. In addition, more detailed recording …


Serbia

Serbia VAT representative

June 2nd, 2016

The Serbian Ministry of Finance has confirmed the requirements of the appointment of a approved tax representative by foreign companies registering for VAT. This is required for foreign companies providing VAT supplies in the country, typically goods. If the non-resident entity does not appoint a representative, then the local customer potentially becomes liable for the …


Serbia

Serbia VAT update

September 27th, 2015

The Serbian government has proposed a range of amendments to the VAT Law. Once approved by the parliament, they will enter into law in October 2016. The VAT changes include: Where there is a transfer of a going concern that is not liable to VAT, the buyer will be subject to VAT if the assets …


Serbia

Serbia switches to 10% hotel VAT proposal

December 23rd, 2013

Serbia has changed proposals to raise VAT on hotel accommodation from the current reduced rate of 8% to 20%.  Instead, it is planned to increase the rate to 10%. It was concluded after extensive lobbying from that the hotel industry that a rise to the standard VAT rate of 20% would present the hotel industry …


Serbia

Serbia changes 10% hotel VAT proposal

December 14th, 2013

Serbia has changed proposals to raise VAT on hotel accommodation from the current reduced rate of 8% to 20%.  Instead, it is planned to increase the rate to 10%. It was concluded after extensive lobbying from that the hotel industry that a rise to the standard VAT rate of 20% would present the hotel industry …


Serbia

Serbia VAT recovery reclaims

August 26th, 2013

Whilst not a member of the European Union VAT recovery regime, Serbia does still offer companies from some foreign countries the opportunity to reclaim any local VAT they have been charged with.  The tax office last month release an update on the process, and countries involved. What countries can reclaim Serbian VAT? Any foreign company …