Serbia: VAT refund for 2025 to foreign taxpayers

The Serbian value added tax (VAT) law allows a refund to foreign taxpayers of Serbian VAT charged on supplies of goods and services purchased within Serbia.

VAT can be refunded if the following conditions are met:

• VAT for the supply of goods and services is stated in the invoice, and if that invoice is paid
• The minimum amount for a VAT refund in Serbia is €200, in Serbian dinar equivalent
• Conditions are met that allow the VAT payer to use the right to deduct input VAT for purchased goods and services
• The foreign taxpayer did not perform supply of goods and services in Serbia, except for certain services of transportation of goods that are exempted with the right to deduct input VAT, passenger transport services that are subject to individual taxation of transport, as well as goods and services for which the recipient is obliged to calculate VAT

Refunds are available to legal entities from countries with reciprocity agreements with Serbia.

Requests for VAT refunds must be submitted by June 30, 2026, and foreign taxpayers need to obtain a Serbian tax identification number to apply.

Read a January 2026 report prepared by the KPMG member firm in Serbia