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Serbia: Amended VAT rulebook adopted

The Ministry of Finance adopted amendments to the rulebook on value added tax.

September 4, 2024

The Ministry of Finance adopted amendments to the rulebook on value added tax (VAT), which were published in the Official Gazette no. 65/2024 (dated August 2, 2024).

The amendments are effective September 1, 2024, except for the provisions related to filling the data in POPDV Form, which will apply for the submission of tax returns for tax periods starting from September 1, 2024. 

Highlights of the rulebook relate to:

  • A change in tax base
  • An invoice as a requirement for tax exemption and for deduction of input VAT
  • A decrease in tax base for an advance payment
  • Cases in which there is no obligation for issuing an invoice
  • Issuing of document on decrease/increase in contribution/base (so-called credit note)
  • A change in tax debtor after advance payment
  • Issuing an invoice for multiple supplies to a single person
  • An internal invoice for the supply of goods and services for which the recipient is a tax debtor
  • The most significant changes regarding VAT records
  • The presentation of data in the POPDV form

Read a September 2024 report prepared by the KPMG member firm in Serbia

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