The e-invoicing system has been in full implementation for a year and it’s no secret that companies have faced numerous problems since its implementation.
Aleksandar Vasic, from the Association of Tax Advisers of Serbia, says that companies should be well-prepared for the changes that the new e-invoicing law brings. He adds that the biggest changes pertain to the taxation period and uploading VAT records to the e-invoicing system.
“(According to the law) the taxation period begins on January 1 while the deadline before which the users of the e-invoicing system are obligated to file VAT records is shortened. Instead of 15 days from the expiration of the taxation period, the deadline is now 10 days,” explains Vasic.
The deadline for the VAT payment remains 15 days, as before.
“The shorter deadline has led to many complaints from companies because they believe it’s an additional burden. On the other hand, many administrative procedures have been considerably shortened with the implementation of the e-invoicing system, so it’s realistic to expect these obligations to be fulfilled without much additional effort,” he adds.
Another big change is the obligation to upload previous VAT data to the e-invoicing system. “This is the first step toward uploading all VAT records to the e-invoicing system and creating the so-called preliminary tax return based on this data,” Vasic says.
This legal obligation is applicable as of September 2024.
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