Glasnik Advokatske komore Vojvodine (Jan 2017)
The tax refund to the first residential flat buyer
Abstract
The value added tax refund to the first residential flat buyer is an important issue that constitutes tax advantage in solving the issue of housing of both young citizens and elders who were not able to solve this problem due to certain social and economic reasons. The value added tax refund to the first residential flat buyer is regulated in Article 56a within chapter 10 Return and refund of the value added tax in the Law on Value Added Tax, which relates to the purchase of a brand new apartment (first transfer of title). When the purchase relates to the already used apartment, the buyer of the first apartment is entitled to be exempt from tax on transfer of title under the terms set in the Law on Property Taxes.
