Key facts
- On 27 June 2025, Serbia amended its Rulebook on Electronic Invoicing.
- These amendments came into effect on 1 July 2025
- The primary change: temporary suspension of fines for discrepancies in VAT data submitted to SEF (Serbia’s System of Electronic Invoices).
- This relief applies to penalties that typically arise during tax audits tied to SEF-reported VAT records
️ Why this matters
- Since 2023, Serbia has required VAT-registered businesses (and those invoicing public entities) to use SEF for real-time e‑invoicing and VAT recording.
- Non‑compliance—or incorrect VAT data—previously led to fines ranging from ~200,000 to 2 million RSD
- The amendment provides businesses breathing room to adjust to evolving reporting standards and ensure accurate data entry without immediate financial penalty.
How this affects businesses
- No fines from tax audits on VAT data submitted via SEF—if inaccuracies are found in 2025.
- Obligations remain: Businesses must still submit VAT records electronically and correct any errors.
- Penalties will resume once the suspension ends—no public date has been specified for reinstatement.
Contextual timeline
| Date | Development |
|---|---|
| 27 Jun 2025 | Rulebook on Electronic Invoicing amended |
| 1 Jul 2025 | Amendments became effective |
| 2025 (rest of year) | No fines for SEF-reported VAT data discrepancies |
| Post-2025 | Potential reintroduction of fines (date TBD) |
✅ What you should do now
- Continue submitting VAT data via SEF as required.
- Review internal processes for SEF reporting to ensure accuracy.
- Use this grace period to upgrade systems and train staff in how VAT data should be input.
- Watch for official communications or further updates signaling when fines will resume.
- See also
- Join the Linkedin Group on Global E-Invoicing/E-Reporting/SAF-T Developments, click HERE
