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Although in previous years we have been going through the standard and already usual last-minute amendments to legal regulations (to which we are less more accustomed), this year we are witnessing for the first time, tectonic changes that radically change the daily life of professional accountants.
If the VAT payer makes the first transfer of the right of disposal on a newly built residential building - a prefabricated house with land (under the building and serving the regular use of this object), a special VAT rate of 10% is applied.
According to Article 17 (4) (1) of the VAT Law, the base does not include discounts and other reductions in the price, which are granted to the recipient of goods or services at the time of the turnover of goods or services.
Since 2013, in Serbia there is a possibility of contracting VAT calculation for the transfer of construction objects. Although the law has not changed, numerous opinions of the Ministry of Finance still point to dilemmas in practice.
