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Friday, 23 December 2016 10:43

VAT reduction for pellets and briquettes

According to the Draft Law on Amendments to the Law on Value Added Tax, the trade and import of wood briquettes and pellets are going to be taxed at a special VAT rate of 10%.

According to the proposal, which is adopted and forwarded as urgent by the Government of the Republic of Serbia to the parliamentary procedure, the reduction of VAT for trade and import of wood briquettes and pellets from the current 20 to 10 percent, should contribute to an increase in employment in this field, which will also compensate the loss based on the reduction in the state budget.

It is proposed to apply the amendments of the Law on VAT from January 1st 2017.

Published in From media

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Contact

National Biomass Association SERBIO
Bulevar Mihajla Pupina 6/6, 21 000, Novi Sad, Serbia
Phone: 021/382 35 33
e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

eu zastava
BioRES Project - Sustainable Regional Supply Chains for Woody Bioenergy has received funding from the European Union's Horizon 2020 research innovation programmer under grand agreement No 645994

 

The establishment of the National Biomass Association SERBIO was supported by:

NorwegianEmbassyThe Norwegian Embassy