The draft of the Law on the electronic invoices in Serbia

The draft of the Law on the electronic invoices will start to be applicable from the 1st July 2021, in exception of Article 6 paragraph 3 - The obligation of a private sector entity to receive and keep electronic invoices issued by the entity in terms of paragraph 2 of this Article shall apply from 1 July 2022. From the 1st July 2021, e-invoicing will start its usage in business transactions between public and private entities.

Due to the differences between the temporary regulations which are covering and defining the functions of the invoicing system, the updates and modifications are obligatory so the new legal framework will be harmonized with EU standards of the e-invoicing system. E-Invoicing system which will be implemented in Serbia, will bring many financial benefits, decrease the necessary expenditure, which covers the invoicing system used today, concerning issuances, transmission, and recording of the invoices. In the E-invoice system, there isn’t an expenditure regarding the transport of the invoices. The possibility for making changes and corrections of the issued e-invoices is much faster and easier than compared to standard paper trail invoices.