Serbia: Amendments to rulebook on e-invoicing adopted

The Ministry of Finance of the Republic of Serbia adopted amendments to the rulebook on electronic invoicing.

Amendments to rulebook on e-invoicing adopted

Article Posted date 09 January 2024

The Ministry of Finance of the Republic of Serbia adopted amendments to the rulebook on electronic invoicing (e-invoicing)—effective 1 January 2024—that were published in the Official Gazette of the Republic of Serbia No. 116/2023 dated 26 December 2023.

Highlights of the amendments include:

  • The deadline for electronic recording of value added tax (VAT) in SEF is 10 days (instead of previous 15) after the end of tax period.
  • The deadline for electronic recording of VAT for transactions for which there is an obligation to issue an e-invoice (if the e-invoice is not issued within the deadline for electronic recording of VAT in SEF) has been shortened. If an e-invoice is not issued within 10 days after the end of the tax period, the calculated VAT is recorded in the individual records for that tax period.
  • In the case of advance payment when the tax debtor is the recipient of goods and services, VAT on advance payment is recorded in the tax period in which the advance was paid, and for the tax period in which the supply is made, the amount of the difference between the VAT amount calculated on the amount of consideration for performed supply and the VAT amount based on the advance payment is recorded. 
  • It is expected that (as of 1 March 2024) the list of SEF users must contain the following data on SEF users:
    • Tax identification number (TIN)
    • Unique number of user of public funds
    • Date of registration on SEF
    • Date of deletion (if the entity is deleted from the list of SEF users)

The deletion from the list of SEF users is, as a rule, initiated by submission of an electronic request by the SEF user.

Read a January 2024 report [PDF 116 KB] prepared by the KPMG member firm in Serbia

 

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