VAT refund for 2024 to foreign taxpayers

The Serbian VAT Law allows a refund to foreign taxpayers of Serbian VAT charged on supplies of goods and services purchased within Serbia.

Conditions required for VAT refund

VAT can be refunded under the following conditions:

1. If VAT for the supply of goods and services is stated in the invoice, and if that invoice is paid;
2. The minimum amount for a VAT refund in Serbia is EUR 200, in Serbian dinar equivalent;
3. If conditions, which allow the VAT payer to use the right to deduct input VAT for purchased goods and services, are met;
4.  If the foreign taxpayer did not perform supply of goods and services in the Republic of Serbia, except for certain services of transportation of goods which are exempted with the right to deduct input VAT, passenger transport services which are subject to individual taxation of transport, as well as goods and services for which the recipient is obliged to calculate VAT.

A VAT refund is possible only for legal entities established in countries with which Serbia has reciprocity, namely:

• The Netherlands
• Slovakia
• Croatia
• Denmark
• Austria
• Bosnia and Herzegovina
• Belgium
• Montenegro
• Macedonia
• Slovenia
• Germany
• Great Britain
• Turkey – (refund is limited to supplies related to transportation, trade fairs and similar)
• Switzerland
• Norway
• Romania
• Hungary
  

Additional information

A request for a VAT refund can be submitted by 30 June 2025 at the latest.

In order to submit a VAT refund request, a foreign taxpayer should obtain a Serbian tax identification number.

KPMG support

KPMG is able to assist at each step of the VAT refund pro-cess, namely:

• review of the fulfilment of conditions for a VAT refund;
• assistance in obtaining a Serbian tax identification number;
• preparation and submission of a VAT refund request and supporting documentation;
• communication and follow up with the Tax Authorities.