Serbia: Amendments to e-invoicing law enacted
The law will come into effect on December 15, 2024, and apply as of January 1, 2025.
The National Assembly on November 27, 2024, adopted the law to amend electronic invoicing (e-invoicing). The law will come into effect on December 15, 2024, with full application starting January 1, 2025, except for specific provisions.
The amendments:
- Require entities to declare their value added tax (VAT) payer status in the system of electronic invoices (SEF)
- Require electronic recording of VAT and input VAT, with extended deadlines
- Introduce penalties for failing to disclose or update entity status and allows for corrections in VAT recordings without penalty if made before a tax audit
- Outline procedures for cross-border supply data access and preliminary VAT return preparation in SEF
Read a December 2024 report prepared by the KPMG member firm in Serbia