- Law Publication and Timeline: The amended Law on E-Invoicing no. 94/2024 was published on 28 November 2024 and will take effect on 15 December 2024, with most obligations starting on 1 January 2025. Specific provisions regarding subject status will apply immediately, while electronic VAT recording rules will begin after 31 December 2024, and changes to e-invoice content will be effective after 31 December 2025.
- Key Requirements: Entities subject to the electronic invoicing system (SEF) must disclose their VAT status and reporting period within five days of registration. The law also mandates the electronic recording of VAT and advance tax, with deadlines adjusted from the 10th to the 12th of the month following the tax period, and allows for corrections to the recordings.
- Penalties for Non-Compliance: Fines ranging from 200,000 to 2 million Serbian Dinars (approximately 1,700 to 1.7 million EUR) will be imposed for failing to disclose status, not recording VAT electronically, or not using the SEF system. However, no penalty will apply for errors corrected before supervision begins.
Source Pagero
