Q:
A:
VAT implementation going as planned
Belgrade,
12 January 2005
Tax Administration Director Vladimir Ilic said today that the implementation of value added tax (VAT) is going as planned but he stressed that the prices of utility services have gone up more than it had been expected.
From left: Natasa Kovacevic and Vladimir Ilic
Ilic told a press conference that VAT has not brought about dramatic price hikes and he explained that the prices of 13 percent of products, which now have a changed tax rate, have gone up as forecast, and he added that 80 percent of prices have gone down by two percent.
He criticised the Belgrade urban transportation company GSP for raising prices by 17 percent against December 2004 even though the newly imposed tax on their services is eight percent. Ilic added that this hike is ungrounded and unfair especially given that oil, GSP’s major expenditure, is entitled a tax break.
Ilic announced that in ten days, the Tax Administration will launch an English version of its website so that foreign companies are better informed about the changes in Serbia’s tax system.
He reminded traders in tobacco products, alcoholic drinks, coffee, gasoline, diesel, and heating oil that they must submit their inventory lists to the Tax Administration by January 15 so as to be able to use the VAT rate included in the prices for tax refund.
Assistant Director of the Tax Administration Natasa Kovacevic recalled that persons hiring folk or pop singers for performance must register with the Tax Administration by January 31. She went on to explain that this does not apply to those who hire entertainment for personal reasons, such as wedding parties.
He criticised the Belgrade urban transportation company GSP for raising prices by 17 percent against December 2004 even though the newly imposed tax on their services is eight percent. Ilic added that this hike is ungrounded and unfair especially given that oil, GSP’s major expenditure, is entitled a tax break.
Ilic announced that in ten days, the Tax Administration will launch an English version of its website so that foreign companies are better informed about the changes in Serbia’s tax system.
He reminded traders in tobacco products, alcoholic drinks, coffee, gasoline, diesel, and heating oil that they must submit their inventory lists to the Tax Administration by January 15 so as to be able to use the VAT rate included in the prices for tax refund.
Assistant Director of the Tax Administration Natasa Kovacevic recalled that persons hiring folk or pop singers for performance must register with the Tax Administration by January 31. She went on to explain that this does not apply to those who hire entertainment for personal reasons, such as wedding parties.
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