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Serbia VAT update

  • Oct 24, 2019 | Richard Asquith

The Serbian parliament has approved a range of VAT changes. They will largely continue the harmonisation of the country’s indirect tax regime with the European Union.

The amendments are listed below, and come into effect on 1 January 2020:

  • Limiting the obligation on foreign VAT registered businesses to appoint a local VAT agent to where VAT exempt with input VAT credits;
  • Setting the time of supply, when VAT is due, for intellectual property supplies as the date of the invoice;
  • Implementation of the new EU VAT rules on vouchers, single and multi-use schemes; and
  • Update on the place-of-supply rules for certain supplies, including trains and boats.

VP Global Indirect Tax
Richard Asquith
VP Global Indirect Tax Richard Asquith
Richard Asquith is VP Global Indirect Tax at Avalara, helping businesses understand their compliance obligations as they grow globally. He is part of the European leadership team which won International Tax Review's 2020 Tax Technology Firm of the Year. Richard trained as an accountant with KPMG in the UK, and went on to work in Hungary, Russia and France with EY.
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