Serbia Tax Codes
Tax codes determine how much tax is paid on each transaction line item. For NetSuite to calculate correct values on transaction records and tax reports, make sure that the tax codes for Serbia are set up correctly.
For more information about tax codes, see Tax Code Properties and Creating Tax Codes.
Tax Code Table for Serbia
The following table shows the tax properties required to correctly generate the Serbia tax reports provided by the International Tax Reports SuiteApp. The tax code names or letters used in the following table are suggested names or default system preferences. You can rename the tax codes. Tax reports identify transactions by looking at the tax code properties, not the tax code names.
On the New Tax Code or Edit Tax Code page, check the boxes of the properties that apply to the tax code. For more information about tax code properties, see Tax Code Properties.
Please consult your tax agency for the correct tax rates.
|
Tax Code |
Description |
Property |
Rate |
Notional Rate |
Available On |
|---|---|---|---|---|---|
|
S-RS |
Standard rate |
|
20% |
|
Both (Sales and Purchases) |
|
R-RS |
Reduced rate |
Reduced Rate |
10% |
|
Both (Sales and Purchases) |
|
Z-RS |
Zero rated |
|
0% |
|
Both (Sales and Purchases) |
|
E-RS |
Exempt |
Exempt |
|
|
Both (Sales and Purchases) |
|
O-RS |
Exports |
Export |
|
|
Sales |
|
I-RS |
Imports |
Import |
20% |
|
Purchases |
|
IS-RS |
Import of service items |
Applies to Service Items Import |
|
|
Purchases |
|
RC-RS |
Reverse Charge |
Reverse Charge |
0% |
S-RS |
Purchases |