Serbia Gazettes Regulation Amending VAT Rulebook

The Serbian Official Gazette April 3 published a regulation amending the rulebook on VAT. The amended rulebook includes measures: 1) calculating VAT on the market value of goods and services sold by an independent seller; 2) defining an independent seller and determining the market value for goods and services that don’t have an established value; 3) specifying the documents required for tax exemption on the entry of goods into the free zone by a VAT payer, and also for the sale of goods that are in the procedure of customs warehousing; 4) exempting VAT payers from tax if they have ...