Serbia: Rules concerning VAT invoices

A “rulebook” relating to value added tax (VAT) amendments

A “rulebook” relating to value added tax (VAT) amendments

The Minister of Finance in late 2021 adopted a “rulebook” (as regulations are referred to in Serbia) relating to value added tax (VAT) amendments that are intended to harmonize the rules on the issuance and content of VAT invoices with new regulations on electronic invoicing and fiscalisation.

To align with the regulations on electronic invoicing, the rulebook prescribes that:

  • If a VAT invoice is issued via an electronic invoicing system, it does not need to contain information on the place of issuance of the invoice.
  • The date of an advance payment is a new mandatory element of an advance payment invoice.

Under the fiscalisation measures, a new requirement provides that an invoice issued by a VAT payer that records a supply made via an electronic fiscal device is considered to be a VAT invoice within the meaning of the VAT provisions. There are also measures addressing the treatment of advance payments.

Read a February 2022 report prepared by the KPMG member firm in Serbia


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