Electronic tax requirements are becoming more and more common, and not only among EU countries. It is worth mentioning recent e-invoicing developments in Egypt, the Kingdom of Saudi Arabia, and the United States. As the latest country set to join this club, Serbia is implementing mandatory e-invoicing from January 2022. Phase one will see it applied to the public sector.
The introduction of electronic invoicing in Serbia is mainly based on act no 44/2021, which dates to April 29, 2021. This legislation regulates issuance, delivery, receipt, processing, and storage of electronic invoices, as well as their content. It also provides a framework for the e-invoicing system, which will be managed by Serbian government.
The entry into force of obligatory e-invoicing in Serbia will be rolled out in these stages:
- The obligation of a public sector entity to receive and keep an electronic invoice issued, as well as the obligation to issue an electronic invoice to another public sector entity, will apply from January 1, 2022.
- The obligation of a public sector entity to issue an electronic invoice to a private sector entity will apply from July 1, 2022.
- The obligation of a private sector entity to issue an electronic invoice to a public sector entity will apply from 1 January, 2022.
- The obligation of a private sector entity to receive and keep an electronic invoice issued by a public sector entity, as well as electronic invoices issued by a private sector entity, will apply from 1 July, 2022.
- The obligation to issue and keep electronic invoices in transactions between private sector entities shall apply from 1 January 2023.
Source Ridvan Yigit
For all other newsitems on E-Invoicing in Serbia, click HERE
