WB6 IIP
Western Balkans Six
Investment Incentives Platform
The Western Balkans Six Investment Incentive Platform is the first of its kind in the region, providing detailed information on available incentives in each of the WB6. It is one of the key measures under the Regional Investment Area, which is part of the Common Regional Market Action Plan 2021-2024.
Developed with input from Investment Promotion Agencies (IPAs) across the region, the platform includes both financial and non-financial incentives, categorized by type, sector, and target audience.
It provides comprehensive information for investors looking to invest in the WB6. As an evolving resource, the platform will be updated every six months to ensure it remains current and relevant.
Value Added Tax (VAT) reduction
- Economy name
- Serbia
- ID
- S22
- Incentive name
- Value Added Tax (VAT) reduction
- Brief description
- A special VAT rate of 10 % is applied to specific goods and services
- Legal reference name
- Value Added Tax Law "Official Gazette of Serbia", no. 84 of 24 July 2004, 86 of 30 July 2004 - correction, 61 of 18 July 2005, 61 of 30 June 2007, 93 of 28 September 2012, 108 of 6 December 2013, 68 of 3 July 2014 - Ph.D. law, 142 of December 25, 2014, 83 of October 3, 2015, 108 of December 29, 2016, 113 of December 17, 2017, 30 of April 20, 2018, 72 of October 7, 2019, 153 of December 21, 2020 , 138 of December 12, 2022.
- Legal reference
law section / article -
Article 23b
20% / 10% (the special VAT rate of 10 % is applied to the following supply of goods and services, or import of goods: Bread, milk, flour, sugar, edible sunflower, maize, rape, soybean and olive oil, edible animal and vegetable fats; Fresh and frozen fruits and vegetables, meats and fish, and eggs; Medicines included in the list of medicines to be sold on prescription and made out from the funds for health insurance, in accordance with the health insurance regulations; Orthotic and prosthetic means, as well as medical means- products that are surgically implanted in the organism; Dialysis materials; Fertilizers, pesticides, seed stock, nursery stock and complete fodder mixtures for animal feeding; Textbooks and teaching aids; Daily newspapers; Monographs and serial publications; Firewood; Accommodation in hotels, motels, resorts, recreation centres and camps Utility services; Natural gas delivered to individual producers through the gas distribution network¹).
- Incentive group
- Non-financial
- Incentive category
- Value Added Tax (VAT)
- Economy-wide/Sector-specific
- Sector-specific
- Sector (Simplified)
- Agriculture
- Sector (NACE)
- N/A
- Size of firm that can use incentive
- All sizes of firms
- Level at which incentive is available
- Economy-wide
- Ownership of firm that can use incentive
- Any
- Incentive location
- General
- Main objective of the incentive
- Technological advancement
- In case of grant, share of grant in investment (in %)
- /
- Contact Info
- Ministry of Finance Tax Administration - Central address Cara Dusan 145 Belgrade - Zemun
- Weblink to Incentive information in English
- Weblink to Incentive information in local language
- Eligibility criteria
description -
The general VAT rate for taxable turnover of goods and services or import of goods is 20%.
The turnover of goods and services or the import of goods is taxed at a special VAT rate of 10%
- Eligibility criteria
weblink
- Awarding Authority (Name)
- Ministry of Finance
- Application procedure + Weblink (where available)
- https://www.paragraf.rs/propisi/zakon-o-porezu-na-dodatu-vrednost.html
- Implementing Authority (Name)
- Ministry of Finance