Serbia Assembly Passes Bill to Amend VAT Law

The Serbian National Assembly Dec. 3 passed a bill to amend the VAT Law. The bill includes measures to: 1) designate VAT-registered recipients of investment gold as VAT debtors; 2) deem supplies billed by periodic invoices as completed on the last day of an invoicing period, if within one year; 3) require documentation for reductions or increases to the tax base, and allow VAT reductions or corrections based on conditions existing the day preceding VAT return filing, but no later than the 10th day of the following calendar month; 4) allow input VAT deductions based on internal invoices prepared by ...