VAT Law

Serbia plans VAT changes affecting quarterly reporting and electronic tax controls

Serbia’s draft Value Added Tax law is intended to apply from the day the country joins the European Union, with provisions that point to increased electronic control and EU-style transaction reporting. The draft also distinguishes between taxpayers that can operate on a quarterly VAT cycle and those that remain under monthly supervision. The proposal includes greater use of pre-filled data through electronic systems and more granular reporting for VAT-relevant transactions. Quarterly VAT eligibility and potential liquidity impact The draft keeps…