- From 1 July, fines up to two million dinars will be imposed for errors in VAT records.
- The Ministry of Finance previously allowed leniency for technical errors in VAT records.
- From 1 July, inaccuracies in electronic records will not be tolerated, even if VAT is correctly calculated.
- Fines for legal entities range from 200,000 to two million dinars; for entrepreneurs, 50,000 to 500,000 dinars; for individuals, 50,000 to 150,000 dinars.
- Errors can be corrected before inspection to avoid penalties.
- A preliminary tax return will be introduced in January 2026, replacing the current form.
- Taxpayers are advised to check records for consistency and accuracy.
- Frequent changes in regulations have caused confusion among businesses.
- New functionalities and tax categories were introduced in the SEF system in September 2024.
Source: serbianmonitor.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
