Tax Alert, December 2018

National Assembly of the Republic of Serbia on 7 December 2018 has adopted the Law on amendments to the Law on Tax Procedure and Tax Administration (hereinafter referred to as: “LTPTA”) which will come into force on 16 December 2018, but will be applicable as of 1 March 2019.

The amendments are as follows:

• Tax Authority will no longer have competencies in the area of games of chance, which will be transferred to the new administration for games of chance.
• Tax Authority will have the power to issue tax assessment without the taxpayer’s statement on the facts relevant for assessing the tax liability, when the assessment is made based on the data from the records of the competent authorities, in cases when the taxpayer fails to file the tax return – it is expected that this provision will mainly be used for assessing property tax and transfer tax.
• Local authorities, public companies and legal and natural persons, which are licensed by the government (e.g. notary), are obliged to provide, at the request of the local authority, all data which they obtained, and which are relevant for assessing, audit and collection of local taxes operated by the local authorities (until the amendments, only state authorities had this obligation).