Over 100,000 VAT payers registered

Serbian Assistant Minister of Finance Natasa Kovacevic has said that 103,310 payers of value added tax (VAT) have been registered so far, adding that some 10,000 taxpayers who are obliged to file tax returns once a month have done so by February 10. Those who are supposed to file returns every three months must do so on April 10 at the latest.

Kovacevic said at an international conference on experiences of the EU and neighbouring countries with the introduction of VAT, organised by the Serbian Chamber of Commerce (PKS) and the German government’s agency for technical assistance (GTZ), that VAT did not have a negative impact on prices in Serbia, given that 80 percent of prices went down and only 13 percent went up following its introduction.

According to her, the 2.7 percent inflation in January was mainly driven by hikes in utility prices, which jumped 20-60 percent in different cities and town in Serbia, even though the VAT rate on these services stands at eight percent.