Serbia Introduces Preliminary VAT Returns Generated Through SEF

Summary

Serbia has amended its VAT Rulebook to introduce a preliminary VAT return generated through the Electronic Invoicing System, SEF, based on invoice and VAT data available in the system. [kpmg.com]
The preliminary return comprises the PPP PDV form and two annexes. Annex 1 is populated automatically from SEF, while Annex 2 requires manual information concerning equipment and facility investments.
The amendments also introduce a new VAT return form, revised VAT-record requirements and updated refund forms. They generally apply from the January 2027 tax period. [kpmg.com], [globalvatc…liance.com]

Extended article

Serbia’s Ministry of Finance has adopted amendments to the VAT Rulebook that integrate electronic invoicing, VAT records and return preparation more closely.

The preliminary VAT return will be generated for each tax period in SEF using the information available on the day before generation. It comprises:

Form PPP PDV, the preliminary VAT return;
Annex 1, covering taxable amounts and VAT from SEF; and
Annex 2, covering supplies of business equipment, facilities and investments.

Annex 1 is automatically populated using electronic invoices and VAT records. Annex 2 requires manual input, after which data from both annexes feeds into the preliminary return. [kpmg.com]

The amendments also introduce a new PP PDV return form and supporting annexes covering specified purchases and prior-period VAT corrections. VAT records must include internal invoices, separately track advance payments, and distinguish exempt transactions by legal basis. [kpmg.com]

The new reporting provisions generally apply from the tax period beginning in January 2027, or January to March 2027 for quarterly filers. [kpmg.com]

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