Local UBL 2.1
5 Year Period
Navigating the global tax compliance landscape successfully is complex and resource-intensive. Every country has a specific and constantly evolving set of legislated e-invoicing requirements.
Non-compliance, intentional or not, can result in significant financial penalties, business disruption, and reputational damage.
While Serbia has made its intention to expand the use of e-invoicing in the country clear, the Minister of Finance has acknowledged that there will be a need to adapt to the new system. Therefore, there will be a transition period until the end of April 2022. This means that the obligation of the public sector to receive and keep electronic invoices and to issue invoices to another public entity will apply from 1 May 2022, rather than 1 January 2022.
We earlier communicated around several other timeframes relating to Serbian e-invoicing and we still expect this to stand:
The e-invoicing demo environment is now live and can be found via the following link on the government website.
Serbia is moving towards an e-invoicing mandate. This will be a phased approach, with the following envisaged dates:
The Law on electronic invoicing entered into force on 7 May 2021. There will be a phased introduction of e-invoicing with B2G invoicing due to take effect from 1 January 2022. Full implementation, including B2B invoicing, is expected from 1 January 2023. The new Law also introduces a requirement to electronically record VAT calculations within the electronic invoicing system. In addition, a new webpage was launched (https://www.efaktura.gov.rs/) by the Ministry of Finance. The webpage is specifically designed to cover updates concerning the e-invoicing project, implementation, and related topics. The testing environment of the e-invoicing system should in principle be made available to the users in July.
Serbia is making good progress with plans to move to mandatory e-invoicing and has published a draft version of the law on e-invoicing on the website of the Ministry of Finance. Note: it has not yet been passed by the National Assembly of Serbia.
The proposed law is looking to regulate:
• the issuance of electronic invoices for both B2B and B2G transactions;
• the national e-invoicing platform or system;
• the elements which e-invoices should contain; and
The provisions of the law are supposed to come into effect from 1st July 2021 for B2G transactions.
For B2B transactions, reception and storage of e-invoices will be mandatory staring from 1 July 2022, and the issuance of invoices from 1 January 2023.
Let us show you how we can support your business to send 100% compliant e-invoices in 54 countries. Please provide your details and one of our team will be in touch.