The latest Newsletter: New tax rulebooks in Serbia - trend of increased taxation of foreign legal entities

The latest Newsletter: New tax rulebooks in Serbia - trend of increased taxation of foreign legal entities

Upon recent amendments of the Law on Value Added Tax in Serbia (the “VAT Law”), the Ministry of Finance adopted several accompanying secondary pieces of legislation:

  • Rulebook on Determining of Services Related to Real Estate for Purpose of Determining of Place of Supply of Services, in accordance with VAT Law (the “Rulebook on Real Estate”),      
  • Rulebook on Determining of Services of Sale of Food and Drinks for Consummation On-Site for Purpose of Determining Place of Supply of Services, in accordance with VAT Law (the “Rulebook on Food and Drinks”), 
  • Rulebook on Determining of Vehicles for Purpose of Determining Place of Supply of Services of Rent of Vehicles, in accordance with VAT Law (the “Rulebook on Rent of Vehicles”),     
  • Rulebook on Amendments of Rulebook on Manner and Procedure of Exercising VAT Exemptions with Right of Deduction of Input VAT (the “Amendments of Rulebook on VAT Exemptions”).   

The aforementioned rulebooks will apply as of 1 April 2017. 

To read more please follow the link.