Serbia’s National Assembly has approved a law to amend e-invoicing on 27 November 2024. The law will take effect on 15 December 2024, with full implementation by 1 January 2025.
This follows after Serbia’s Ministry of Finance updated the e-invoicing rulebook on 2 August 2024, with changes effective from 1 September 2024.
The key provisions include the electronic recording of input VAT starting from tax periods beginning on 1 September 2024. The amendments include new requirements for entities declaring their VAT payer status in the electronic invoices system (SEF), mandate electronic VAT recordings with extended deadlines, and impose penalties for non-compliance while allowing corrections for VAT recordings before audits.
Furthermore, the amendments also detail procedures for cross-border supply data access and preliminary VAT return processes in SEF.