In order to be valid, agreements / contracts and pre-sale agreements shall be made in writing and certified by the competent Notary Public.Read more
9. May 2018.
A natural person who is also a Serbian citizen, resides in Serbia, and has never owned a property before has the right to a value added tax refund under the following conditions:
This right can be exercised only on the basis of a purchase contract for the aparment which has been notarized after the entry into force of the Law on Amendments and Supplements to the Value Added Tax Act (“Official Gazette of the Republic of Serbia”, No. 61/05), or on the basis of a purchase contract notarized after 8th July, 2007 for the apartment which square footage is up to 40 m², plus up to 15 m² for each household member who had never owned or co-owned a apartment on the territory of the Republic of Serbia in the period from 1st July, 2006 to the day of the notarization of the purchase contract.
If the first-time buyer purchases a apartment is that exceeds 40 square metres, they are eligible to a VAT refund to the amount corresponding to 40 square metres. The duration of the joint residence prior to the notarization date of the purchase contract stipulating the buyer purchasing the apartment for the very first time has no bearing on the eligibility for a VAT refund.