Serbia: Amendments to VAT rulebook
The Minister of Finance adopted two amendments to the rulebook on value added tax
The Minister of Finance adopted two amendments to the rulebook on value added tax
The Minister of Finance on 31 January 2023 adopted two amendments to the rulebook on value added tax (VAT)—number 7 effective 1 February 2023, and number 15 effective 1 March 2023—with the primary purpose of harmonizing with the fiscalization and e-invoicing regulations.
The amendments concern:
- Supply of services of foreign entities free of charge
- Change of tax debtor after advance payment is made
- Market value as the VAT base
- Decrease in base after subsequent fulfillment of requirements for tax exemption with a right to deduct input tax
- Obtaining tax exemptions with the right to deduct input tax
- Issuance of invoices
- Invoice for multiple individual supplies
- Invoice in case of VAT exempt supply
- The concept of a corporate card
- Issuance of a credit note when the collected advance payment ceases to be considered an advance payment
- Internal calculation
- Attachment to the invoice
Read a March 2023 report [PDF 1.6 MB] prepared by the KPMG member firm in Serbia
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