On 27th October 2020, the Ministry of Finance created a draft version of the Property Taxes Amendment Act.
If the draft is eventually passed by Parliament, the following changes will be implemented:
- Reduction in the tax burden for ancillary facilities and buildings intended for primary agricultural production;
- Defining precisely what each legal term means;
- Taxation of digital property with the tax on inheritance and gift;
- Determining the average price of a real estate in the best and/or worst equipped zone in which that real estate is not traded for the purpose of assessing a company’s annual liability for property tax.
To calculate annual property tax for 2021 we use the average price per square metre and all of the legislative acts regarding depreciation adopted before 30th November 2020 in line with the current law.
Any comments regarding the proposed draft can be sent to the Fiscal Department via email fiskalni.sektor@mfin.gov.rs up until 15:30 p.m. on 4th November 2020.
To read the draft (in Serbian) please click on the LINK
The amended act shall become effective on 1st January 2021.
