Amendments to the Property Tax Law are published in the Official Gazette of the Republic of Serbia No. 95/2018 dated 8 December 2018. The most important changes are presented below.
- It is defined that component part of the land for purposes of taxation with property tax will be, inter alia, trails and other open spaces covered with slag, asphalt, concrete, etc., along with open parking spaces, fences, retaining walls, playgrounds, etc;
- It is defined that for the purpose of taxation with property tax, the component part of the object would also be networks – lines incorporated in the object, as well as those that connect the object and place of connection to the network;
- Branch office of non-resident legal entity carries out self-assessment of tax liability and submits a tax return for non-resident’s immovable property in the Republic of Serbia that branch office use (determines, declares, submits tax returns and pays tax);
- For the purpose of determining taxable base, the term ’’Other land’’ has been introduced;
- By decision of a local municipality, undeveloped construction land can be classified as agricultural / forest land for taxation purpose if it is exclusively used for cultivating plants or forests;
- The group of taxpayers who have the right to use purchase value as the tax base for acquired or newly built real estate, is narrowed;
- Taxable event for immovable property and parts of the immovable property for surface higher than 500m2, which are in construction process, is specially regulated;
- Possibility of tax return submitting over the notary public office, for person who acquires or disposes the right over immovable property on the basis of the document drafted, certified and notarized by the notary public;
- The above amendments would apply for the purpose of calculating property tax for year 2019.