Serbia, Issue 11, August 2013 Tax Alert Reciprocity Rule – List of Countries According to the latest amendments to the VAT Law, applicable from 1 January 2013, foreign VAT payers are entitled to refund of VAT charged on supplies of movable goods and services in Serbia. Foreign taxpayer can exercise VAT refund, but subject to meeting the following conditions: Amount of VAT charged on supply of goods and services is presented on the invoice in accordance with the VAT Law, and the invoice is paid; VAT amount for which the taxpayer submits the request exceeds EUR 200 in RSD equivalent; Taxpayer meets conditions for input VAT recovery for such goods and services in line with VAT Law; Foreign taxpayer does not provide any supply of goods and services in Serbia (with the exception of zero rated services of transportation of goods in accordance with the Artcile 24, Paragraph 1, Points 1, 5 and 8 of the VAT Law and international transportation of passangers by buses, subject to individual taxation in line with the Article 49, Paragraph 7 of VAT Law); VAT incurred by foreign taxpayer can be recovered under the reciprocity rule. Contacts Krzysztof Lipka Partner [email protected] Refund request should be submitted not later than 30 June of the current year for supplies of goods and services incurred in previous year. Based on the information we obtained from Tax Administration, VAT refund procedure in practice lasts approximately 45 days. In order to facilitate practical application of VAT refund procedure, Tax Administration has published a list of countries with which Serbia established reciprocity for VAT refund purposes. Foreign taxpayers from the following countries are eligible to exercise the VAT refund: Austria Belgium Bosna and Herzegovina Croatia (only for fairs) Denmark Germany (starting from 1 July 2013) Macedonia Montenegro Netherlands Slovakia and Slovenia (only for fairs starting from 1 February 2012). You can contact us by email or telephone if you would need additional information in relation to the possibility to apply to refund and related savings. Branka Rajičić Partner [email protected] Jovana Stojanovic Senior Manager [email protected] Julijana Avramović Senior Consultant [email protected] Tanja Mitrović Consultant [email protected] PwC Serbia Omladinskih brigada 88a 11070 Belgrade Tel: + 381 11 33 02 100 www.pwc.rs/tax www.pwcacademy.rs Publikaciju “Tax Alert” je pripremilo Odeljenje za usluge poreskog i pravnog savetovanja kompanije PwC Neprihvatanje pravne odgovornosti: materijal koji se nalazi u ovoj publikaciji je namenjen isključivo za svrhe opšteg informisanja i ne sadrži iscrpnu analizu svake navedene stavke. Čitaoci bi trebalo da potraže savet stručnjaka pre nego što odluče da preduzmu (ili ne preduzmu) dalje korake. Ne prihvatamo odgovornost za postupke ili omaške učinjene u vezi sa sadržajem ove publikacije. © 2013 PricewaterhouseCoopers Consulting d.o.o. Sva prava zadržana. “PwC” se odnosi na srpsku kompaniju PricewaterhouseCoopers Consulting d.o.o. ili, u zavisnosti od konteksta, na mrežu kompanija članica grupacije PricewaterhouseCoopers International Limited, od kojih je svaka zasebno i nezavisno pravno lice.