Source: porezi.rs | Thursday, 15.04.2021.| 12:58
Highlight an article Print out the news

New rulebook on VAT published - In force from July 1

Illustration
Illustration (Photo: Andrey_Popov/shutterstock.com)
The Rulebook on Value Added Tax was published in the Official Gazette of the RS, No. 37/2021, and will apply from July 1, 2021. The mentioned rulebook has 282 articles, it includes all existing rulebooks which are now integrated into one, and have undergone significant changes.

The most significant changes relate to the following:

  • taxation of trade in goods and services in the field of construction,
  • determining the tax base and subsequent changes to the tax base,
  • determining advertising material, business samples and other small value gifts,
  • the manner and procedure of exercising tax exemptions with the right to deduct previous tax and without the right to deduct previous tax,
  • transfer of entire property or its part,
  • invoicing,
  • keeping records on VAT and reporting data in the VAT Form, etc.

The transitional provision stipulates that, if a fee or part of it is collected or paid for the supply of goods/services to be performed on or after 1 July 2021, then, the applicable regulations from 30 June 2021 shall apply, i.e. the currently valid regulations.
Only logged-in users can comment.
Follow the news, tenders, grants, legal regulations and reports on our portal.
Testiraj besplatno!
Register for our daily business bulletin, which is sent to your email address at the end of each work day.
Full information is available only to commercial users-subscribers and it is necessary to log in.
Test for free!
Testiraj besplatno!
Full information is available to commercial users-subscribers only.
Testiraj besplatno!

Log in to view complete information:
Forgot your password? Click here HERE
For free test use, click HERE