Amendments to the Value Added Tax Rulebook adopted

The Serbian Minister of Finance adopted the Amendments to the Rulebook on Value Added Tax (Rulebook), which were published in the Official Gazette of the Republic of Serbia No. 71/2026 dated 31 July 2026.

The Rulebook entered into force on 1 August 2026 and applies as of the tax period January 2027, i.e. January–March 2027, unless otherwise specifically noted in the text below.

The most important novelties are presented below.

Preliminary VAT Return and Accompanying Forms

The format and content of the preliminary VAT return are regulated by the amendments of the Rulebook.

The preliminary VAT return is generated for a VAT period, in the electronic invoicing system (SEF) based on the data available in SEF, as at the day preceding the day on which the preliminary VAT return is generated.

The preliminary VAT return consists of three forms:

1. Form PPP PDV – Preliminary Value Added Tax Return;
2. Form Annex 1 – Data on the tax base and VAT from the electronic invoicing system;
3. Form Annex 2 – Supply of equipment and facilities for performing activities and investments in such facilities.

Data is automatically populated in Form Annex 1 from SEF, based on electronic invoices and records relating to electronic VAT recording, whereas the VAT taxpayer manually enters data in Form Annex 2 regarding the supply of equipment and facilities for performing activities and investments in such facilities. The data in the PPP PDV Form are automatically populated based on the data from Annex 1 and Annex 2.

With respect to the manner of preparing the preliminary VAT return, a User Manual Preliminary VAT Return has been published on the website www.efaktura.gov.rs (link).

New VAT return form

The Rulebook prescribes a new tax return form (PP PDV form).

The new form contains a more detailed data structure and is generally aligned with the content of the preliminary tax return.

It is prescribed that, along with the tax return, a preliminary tax return shall be submitted, as well as the following forms:

1. Form Annex 2, identical to Form Annex 2 which is part of the preliminary VAT return;
2. Form Annex 3 – Notification on the procurement of secondary raw materials, services directly related to such goods, agricultural and forestry products and agricultural services for the year ______;
3. Form Annex 4 – VAT corrections for previous tax periods.

Amendment of VAT records

The amendments to the Rulebook noticeably change the provisions regulating the format, content, and manner of keeping VAT records, in order to align VAT records with the new tax return form and the preliminary tax return.

Specifically, below are some major changes:

• It has been specified that VAT records must also contain data on internal invoices (number and date of the internal invoice).
• The grouping of data in the general VAT records has been adjusted to correspond to the structure of the new tax return form, while the groups of data that are kept in the general VAT records essentially remain the same as before. The novelty is that special taxation procedures for travel agencies and for second-hand goods, works of art, collectors’ items, and antiques will no longer be recorded in the general VAT records, but in separate VAT records.
• It is stipulated that data on advance payments must be kept separately, while data on supplies made free of charge will be recorded together with data on supplies made for consideration.
• Data relating to the supply of goods and services for which a tax exemption is prescribed (with the right to deduct and without the right to deduct input VAT) shall be kept separately, by groups of transactions that are exempt on the basis of the same provision of the Law.

Amendments to forms for VAT refund

The Rulebook amends the forms used for exercising the right to a VAT refund