.
.
.
.
Views/ The Rulebook Governing VAT Registration of Foreign Entities Enacted
---
Branimir RajšićSenior Consultantbranimir.rajsic@karanovicpartners.com
14/10/2015
---

In accordance with the latest amendments to the VAT Law, the Ministry of Finance has adopted a Rulebook on the Manner and Procedure of Approving Tax Representation for the purpose of Value Added Tax (Rulebook). The Rulebook outlines the procedure and documentary requirements for VAT registration of foreign entities in Serbia.

The most recent amendments to the VAT Law introduced mandatory VAT registration of foreign entities which conduct VAT-able supply of goods and services in Serbia. Foreign entities are now required to appoint a tax representative in the country for this purpose.

According to the Rulebook, a foreign entity must obtain a non-resident tax identification number in Serbia as one of the prerequisites for VAT registration. 

The Rulebook goes on to prescribe the form of request for the appointment of a tax representative and the required accompanying documentation.

A tax representative should file a request for VAT registration with the Central Office of Tax Administration, which will then confirm VAT registration within 15 days of the request.

The Tax Administration is required to establish a register of tax representatives, which must be published on its web page.

While the new Rulebook enables VAT registration of foreign entities, it remains to be seen how the VAT registration process will be implemented in practice and if the Tax Administration has the capacity to administer this system efficiently. 

Related News

News

Srbijavode Opens Tender for the Lease of Riverine

30/08/2018
News

NIBE Acquires EMIN’s Operations in Serbia and Turkey

21/08/2018
News

Karanović & Nikolić Wins the 2017 Deal of the Year Award

07/06/2018
News

Montenegro to Publish a Tender for a 200 MW Solar Power Plant

18/05/2018
News

Karanović & Nikolić at the Competition Law in the Energy Sectors Conference

20/12/2017
News

New Tax Rulebooks Will Start to Apply in Serbia from 2018

30/11/2017

Related Views

Views

Significant Changes to the Serbian Law on Tax Procedure and Tax Administration

26/06/2018
Views

Striving Towards the Black Gold

07/05/2018
Views

New Amendments to Serbian Tax Laws

01/02/2018
Views

The Ministry of Finance Issued New VAT Rulebooks and Prescribed Arm’s Length Interest Rates for 2017

26/04/2017
Views

Serbian Parliament adopts changes to Tax Laws

18/01/2017
Views

Amendments to the Montenegrin Tax Laws

13/10/2016