Serbia’s VAT and Fiscalization Treatment of Single-Purpose Vouchers

In Serbia, a single-purpose voucher (SPV) is one where the goods/services, place of supply, and VAT due are known when the voucher is issued.
For VAT purposes, the taxable event happens when the SPV is transferred to the customer, and that sale is recorded through the Electronic Fiscal Device as a Transaction–Sale receipt, not as an advance payment.
When the voucher is later redeemed for goods, no new fiscal receipt is issued for the amount covered by the SPV, since VAT was already accounted for at issuance; the retailer still must update inventory and accounting records.
POS systems must avoid recording the redemption as a normal retail sale to prevent double fiscalization.
If the customer buys goods worth more than the voucher, only the extra amount is processed separately under fiscal rules.

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.