The Serbian government has drafted a law to regulate the use of electronic invoicing in the country.
More and more countries are preparing to use electronic invoicing. The latest territory to do so is Serbia. The government has recently drafted a law to regulate the use of electronic invoicing in Serbia.
According to the Minister of Finance, from 1 January 2022, e-invoicing will be mandatory in the B2G environment. This means that all public administration suppliers will have to send their invoices electronically. To make the adoption process easier, the government will provide training to companies that need it.
The timetable set by Serbia determines that, one year later, from 1 January 2023, the use of e-invoicing will be extended to business-to-business transactions.
The benefits of electronic invoicing
As we have already seen in other European countries such as France, Poland or Italy, one of the main reasons why governments adopt electronic invoicing is to fight tax fraud. Serbia is no exception. The country also aims to streamline its administrative processes and optimise all the procedures derived from VAT management between companies and the public administration.
On the business side, e-invoicing is the cornerstone for initiating the digital transformation of administrative departments. In addition to improving communication with the public administration, it also makes it possible to optimise processes and exponentially increase the productivity of AR and AP teams.
Electronic invoicing in Europe
The legislation on e-invoicing in the different European countries changes very often. If you want to keep up to date with the latest legislative news on e-invoicing around the world, subscribe to our monthly newsletter.
You can also visit “The Panorama of electronic invoice in Europe” to consult the regulations in force in each territory of the old continent.