Serbia: Amendments to VAT rulebook
Changes are generally effective January 1, 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