As of 1 May 2022, electronic invoicing between the public and private companies mandatory

The mandatory use of electronic invoicing in transactions between the public sector (G2G) and the private sector to the public (B2G) will start on 1st May next year.

According to NALED, this systemic reform will bring about a big change for more than 10,000 users of public funds and 125,000 companies, who will no longer issue and receive invoices on paper. E-invoices will result in lower costs, less bureaucracy and faster payments, while the state will have more efficient control over tax revenues and the shadow economy.

“The new e-invoicing system will greatly facilitate and expedite the operations of companies and the public sector and meet one of the economy’s main requirements for faster VAT refunds. As future users need more time to adapt to the new model, we have postponed the date when e-invoicing becomes mandatory to 1 May 2022,” announced Finance Minister Sinisa Mali.

State Secretary of the Ministry of State Administration and Local Self-Government, Maja Macuzic Puzic, called on cities and municipalities to prepare for the transition to the new system and underlined that the introduction of e-invoicing is in line with the 2021- 2030 Public Administration Reform Strategy.

“E-invoices will contribute to the digitisation of business processes in cities and municipalities and one of the Strategy’s key objectives is to reduce the administrative burden on citizens and businesses by at least a quarter, from 3.11 to 2.4 per cent of GDP,” Macuzic Puzic says.

(Kamatica, 01.12.2021)

https://www.kamatica.com/vest/primena-e-faktura-krece-od-1-maja/65323

This post is also available in: Italiano

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