The use of electronic invoices and VAT reporting continues to be adopted worldwide. Several Eastern European countries are implementing processes related to taxation and electronic invoicing, such as Romania, Poland, Slovakiaetc.
The Serbian Ministry of Finance has began the adoption of e-Invoicing in Serbia in accordance with the Law on Electronic Invoicing RS Official Gazette 44/2021, 129/2021). In the first phase, B2G e-Invoicing will be mandatory.
The Serbian government will use a national platform called eFaktura in order to manage the exchange of electronic invoices. Any company that is subject to VAT, including public bodies and VAT representatives of foreign companies, will be obligated to exchange e-Invoices.
Currently, there are three phases in the implementation timeline:
- May 1, 2022: All suppliers in the public sector must send invoices electronically and the Serbian government must be able to receive and store them.
- July 1, 2022: Serbian public entities are obliged to send electronic invoices to companies, which must be able to receive and process them.
- January 1, 2023: e-invoicing will be extended to the entire B2B sector.
Source Edicom
