The Ministry of Finance of the Republic of Serbia has adopted the Amendments to the Rulebook on Value Added Tax (Rulebook), which are published in the Official Gazette of the Republic of Serbia No. 116/2023 dated 26 December 2023.
Respective changes apply as of 1 January 2024.
The most important novelties are presented below.
Tax exemption for supply of goods under customs warehousing procedure
It is envisaged that the tax debtor will be able to exercise the right to a tax exemption for supply of goods under customs warehousing procedure in the case of collection or advance payment for the future supply of goods (which have not yet been placed under customs warehousing procedure at the time of payment of the advance), if he possess a contract proving that it is compensation or part of the compensation for the supply of goods that will be executed while these goods are under customs warehousing procedure.
Invoice for multiple supplies
It is specified that an electronic invoice for multiple supplies can be issued for a period shorter than a calendar month.
Accordingly, it is prescribed that in the case of issuance of an electronic invoice for multiple supplies, the last day of the period for which the electronic invoice is issued shall be indicated as the date of supply.
Fiscal invoice issued to a public sector entity
It is specified that the fiscal invoice issued for supply for which an electronic invoice is issued at the request of a public sector entity is not considered an invoice in accordance with the VAT Law.
The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation.
Tax Alerts
Our regular newsletter provides you with updates on the latest changes of tax and accounting regulations as soon as a new rule is being approved.
