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Serbia: Amendments to VAT rulebook

Changes are generally effective January 1, 2025

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January 29, 2025

The Ministry of Finance adopted amendments to the value added tax (VAT) “rulebook,” published in the Official Gazette of the Republic of Serbia No. 107/2024 on December 30, 2024. The changes are generally effective January 1, 2025, with some exceptions.

The amendments relate to: 

  • Determination of tax base by assessment
  • Increase and decrease of tax base
  • Correction of input VAT deduction
  • Issuance of invoices before supply/advance
  • Date of tax liability in case of invoice cancelation
  • Content of credit note
  • Invoice for successive deliveries
  • Deadline for creating an internal invoice

Read a January 2025 report prepared by the KPMG member firm in Serbia

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