Amendment Regulation was published in "Fig. Gazette of RS " no. 76 of 04.08.2012 and apply from 05.08.2012.
Under Amendment Regulation the delivery of following goods and services are not considered as VAT delivery:
• Transfer of assets in the continuation of the activity of entrepreneurs in the form of a company, in accordance with the Company Law,
• Transfer of assets in the ordinary course of trade, liquidation and bankruptcy, which is a functional unit within economic activities are carried.
In this way, Amendment Regulation introduces two additional grounds for determining assets transfer tax which is not considered as VAT delivery.