Yesterday, the Serbian government adopted the draft law on electronic invoicing, the Minister of Finance, Siniša Mali said, adding that that law would improve companies’ operations.
Mali said for Tanjug news agency that the law would facilitate better control by the Tax Administration and will also allow automatic VAT refunds.
“The introduction of electronic invoices will be completely free for businesses and the process will be gradual,” said the Minister.
As Mali explained, public companies are the first companies required to start using e-invoices from January 1, 2022. Private companies that work with public enterprises will have the opportunity to be trained to issue electronic invoices to the public sector.
Then, from January 2023, the entire private sector will be instructed to use electronic invoices.
“The advantages of electronic invoicing are huge – it is free, it allows for an automatic VAT refund and less time will be spent on administration and trying to locate old invoices,” said Mali and added that electronic invoices will be available a single information system and that the Law on Electronic Invoices was passed following the request from businesses.
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