In the Official Gazette of the Republic of Serbia No. 109/2025, a package of amendments was published covering the most significant areas of taxation, with direct impact on tax calculation, employment matters, fiscal obligations, and business planning in 2026.
- Value added tax act – applicable as of the VAT period April 2026 (i.e., April–June 2026)
- The recipient of investment gold also becomes the VAT debtor.
- VAT liability may arise solely on the basis of an internal invoice.
- Internal invoices must be issued through the electronic invoicing system (SEF).
- For periodic invoices, the supply is deemed to occur on the last day of the accounting period (applicable as of 1 January 2026).
- Increases and decreases of the tax base are subject to strict deadlines: no later than the day preceding the filing of the VAT return / by the 10th day of the following month.
- Input VAT deduction is allowed on the basis of an internal invoice, with an extended usage period of five years.
- VAT adjustments are recognized based on documents on increase/decrease, cancellations, and similar.
- Self-correction of errors in the VAT return relieves the taxpayer from filing an amended return (applicable as of the VAT period January 2027).
- Personal income tax act – applicable as of 1 January 2026
- The non-taxable salary amount is increased to RSD 34,221.
- Incentives for newly employed individuals are extended until 31 December 2026, including removal of the requirement of prior registration with the National Employment Service for individuals up to 30 years of age.
- Tax returns for income from self-employment must be filed exclusively electronically.
- Mandatory social security contributions act – applicable as of 1 January 2026
Refund of a portion of contributions is extended until 31 December 2026, including incentives for young individuals participating in the Youth Guarantee programme.
- Tax procedure and tax administration act
- Part of the competences shifts from the Tax Administration to local self-government units with respect to local revenues.
- Payment of tax is ordered by decision if conditions for tax incentives are not met—without filing an amended tax return.
- Off-balance-sheet records are abolished by the end of 2026, with transfer of obligations in 2027.
- Excise duties act – applicable as of 1 January 2026
A five-year increase in excise duties on:
- Non-combustible tobacco, herbal smoking products, and shisha products: from 110% in 2026 to 150% in 2030.
- E-cigarette liquids: from RSD 13.12/ml to RSD 17.12/ml by 2030.
For additional information or consultations, the Tasić & Partners team is at your disposal.