The Serbian parliament has passed a new law that will impact the area of electronic invoices.
The Law on Amendments to the Law on Electronic Invoicing will come into force on January 1, 2024, with some exceptions. One of these exceptions is the electronic registration of preliminary tax, which will only apply from September 1, 2024, but is also updated by the new amendments.
A new amended law on electronic invoicing and the upgraded SEF system
Public
Serbia
Author: Kristina Dosen
Category:
Fiscal subject related
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332
Content accuracy validation date:
09.11.2023
Content accuracy validation time:
08:20h
Content
The new law aims to improve the efficiency and transparency of the electronic invoicing system, as well as harmonize it with EU standards. To achieve this, the Ministry of Finance has launched a public procurement process to upgrade the existing system of electronic invoicing (the SEF system) with new modules and an advanced technological solution.
The new system is expected to support all the features of the current system, but with better performance and reliability, and it is said to be faster in accepting and processing e-invoices, tax statements, and other accompanying documentation.
Users of the System of Electronic Invoices (SEF) should not experience any major changes in the interface or the functionality based on the current information, except for being able to issue e-invoices faster and easier. It is assumed that SEF users will be largely spared from adapting to the new SEF, as one of the requirements for the new SEF is to support all the functionalities of the existing SEF and further allow continued uninterrupted operation.
The new law and the new system are expected to bring benefits to both the taxpayers and the tax authorities, such as reducing costs, errors, and tax inconsistencies. More information is yet to be announced in the upcoming weeks.
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