working capital

Serbia Updates Exporter VAT Refund Rules, Introducing New Documentation Requirements

Serbia is introducing revised VAT documentation requirements for exporters, changing how companies establish eligibility for accelerated tax refunds while preserving existing export thresholds and refund deadlines. Under the new regulation, businesses must demonstrate predominant-exporter status using VAT transaction records instead of annual financial statements. The reform also introduces a unified reporting form and updated procedures for companies qualifying during the financial year. Eligible exporters retain access to VAT refunds within 15 days, compared with the standard statutory deadline of 45…