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Serbia: VAT amendments enacted

The law will come into effect on December 15, 2024, and apply as of January 1, 2025.

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December 5, 2024

The National Assembly on November 27, 2024, adopted amendments to the value added tax (VAT) law. The law will come into effect on December 15, 2024, and apply as of January 1, 2025, with certain exceptions.

The amendments relate to:

  • Preliminary VAT return
  • Change in VAT base
  • Requirements for input VAT deduction
  • Cancellation of invoice
  • Correction of input VAT
  • Obligation for creating an internal invoice
  • Import tax base
  • Registration of VAT payer
  • Change in tax period
  • Transfer of assets or portion of assets
  • Farmers

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

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