Serbia clarifies implementation of E-Faktura e-invoicing legislation

Serbian tax authorities have confirmed a number of key details about the country’s adoption of the Sistem E-Faktura e-invoicingElectronic invoicing - widely referred to as e-invoicing - is the exchange of a digital document between a supplier and a buyer. E-invoices are issued, transmitted and received in a structured data format that enabled automatic and electronic processing. They contain data in a machine-readable format so that an AP system can read an invoice without manual data entry, leading to faster and more efficient invoicing. regulations, which has now come into effect.

Adhering to the rules of the E-Faktura system will now be a legal requirement for all businesses from the following dates:

1^st May 2022: All B2G transactions

1^st May 2022: All G2G transactions

1^st July 2022: All G2B transactions

1^st January 2022: All B2B transactions

The update provides assurance that B2B e-invoicingElectronic invoicing - widely referred to as e-invoicing - is the exchange of a digital document between a supplier and a buyer. E-invoices are issued, transmitted and received in a structured data format that enabled automatic and electronic processing. They contain data in a machine-readable format so that an AP system can read an invoice without manual data entry, leading to faster and more efficient invoicing. will go ahead as planned in the new year and will cover the creation, issuance, sending and receiving, processing and storage of e-invoices.

All sales invoices must be submitted via a new central clearing system and customers will subsequently be able to retrieve invoices from this platform.

Who do the new rules apply to?

All non-resident businesses operating in Serbia that operate with a local fiscal representative will b e required to comply with the new legislation. This will be done by registering with the country’s electronic invoicing system and providing information relating to the type of e-invoices they will be submitting.

How can e-invoices be created?

Businesses will have to visit the e-invoicingElectronic invoicing - widely referred to as e-invoicing - is the exchange of a digital document between a supplier and a buyer. E-invoices are issued, transmitted and received in a structured data format that enabled automatic and electronic processing. They contain data in a machine-readable format so that an AP system can read an invoice without manual data entry, leading to faster and more efficient invoicing. system, Sistem za Upravljanje Fakturama, to create and submit an e-invoice. They can do this in two different ways; either via an internet browser to create an e-invoice on the spot or by using an API to connect their in-house software directly to the system.

What information must e-invoices contain?

Serbia’s tax authorities have already published guides to the minimum information that must be provided within e-invoices. This includes:

• Name, address and Tax Identification Number of the issuer.
• Name, address and Tax Identification Number of the recipient.
• Bank account of the issuer.
• Date on which the goods or services were supplied.
• Tax code and/or description of goods or services provided.
• Unique ID number of the user of public funds.
• Value of each good or service listed on the e-invoice.
• Total value of items listed on the e-invoice.
• Value of any advance payments made.