Serbia: Changes in tax laws - New duties for foreign legal entities
The Law on Amendments to the Law on Value Added Tax (hereinafter: Law on VAT), the Law on Amendments to the Law on Tax Procedure and Tax Administration (hereinafter: Law on Tax Procedure), and the Law on amendments to the Law on Excise Duties (hereinafter: Law on Excise Duties) were published in the Official Gazette of the Republic of Serbia no. 108/2016 of 29 December 2016. All laws came into force on 1 January 2017, however, certain provisions will begin to apply at a later date, as outlined below, for every law individually.
Frequent changes to tax laws occur primarily for the sake of trying to gradually harmonize our legislation with the EU law. However, the frequency of changes contributes to creation of legal uncertainty for the participants in tax matters, so it is arguably necessary to find a certain balance.
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