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Amendments to the Excise Law – Introduction of the Excise for Natural Gas

On Wednesday, 6th September 2023, the National Assembly of the Republic of Serbia has adopted the amendments to the Excise law.

The amendments increase the amount of excises by 8% for oil derivatives, tobacco products and alcoholic beverages, coffee and liquids for filling electronic cigarettes. In addition, it introduces the e-akcize IT system and new excise product – nicotine pouch.

Finally, the most important amendment is the introduction of excise for natural gas for final consumption for vehicle fuel and heating. The purpose of this amendment is to align the Serbian legislation with the Council Directive 2003/96/EC of 27 October 2003 restructuring the Community framework for the taxation of energy products and electricity.

The tax debtors for this excise are natural gas suppliers or natural gas public suppliers, as well as entities producing and compressing natural gas at exploitation fields and entities importing compressed natural gas. The tax debtors are obliged to submit interim tax returns within 15 days from the expiry of the calculation period and final tax returns twice a year. The new natural gas excise is intended to be enforced starting from 1st January 2025 with amounts of RSD 1,097.20 per MWh for vehicle fuel and RSD 63.30 per MWh for heating.

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