Serbia extends the grace period for VAT reporting mistakes in SEF until the end of 2025.

Serbia’s Ministry of Finance has extended the no-penalty period for VAT reporting errors via the SEF system until December 31, 2025, giving businesses more time to adjust to electronic invoicing without fines. Effective July 1, 2025, new rules also require credit and debit notes to specify both the adjustment date and issuance date, as outlined in Official Gazette No. 56/2025.

 

The Serbian Ministry of Finance has extended the period during which it will not impose fines for mistakes in VAT reporting through the SEF (electronic invoicing system).

Important information:

-       No penalties for VAT errors in SEF reports until December 31, 2025,

-       This applies to any discrepancies in VAT data submitted electronically,

-       After this date, fines may be introduced again.

This extension comes from changes to the Rulebook on Electronic Invoicing, published in the Official Gazette No. 56/2025, and effective July 1, 2025.

Background:

-       The original grace period was from January 1 to June 30, 2025, based on a rule published in Official Gazette No. 107/2024,

-       The newly amended rule extends that leniency through the end of 2025.

New requirement for credit and debit notes (from July 1, 2025):

• Taxpayers must now include:

-      The date when the increase or decrease occurred, and

-      The date the credit or debit note was issued.

These changes aim to give businesses more time to adapt to the SEF system without the risk of penalties while tightening documentation rules for adjustments.