Serbia: Draft Law on Amendments to the Law on Value Added Tax

Marta Sowińska
December 2, 2022

As previously announced, the Serbian Minister of Finance published the Draft Law on Amendments to the Law on Electronic Invoicing on the 9th of November, alongside the Draft Laws on Amendments to the Law on Value Added Tax, Law on Fiscalization, and Law on Tax Procedure and Tax Administration.

The changes introduced to the Law on VAT that will impact the electronic invoicing processes stipulate that:

  • An invoice is an electronic invoice that is accepted by the buyer as required in the Law on E-Invoicing. The law also stipulate that the taxpayer accepting the the e-invoice within the deadline to submit the tax return may exercise the right to deduct the preliminary tax at the earliest date for the tax period in which the tax liability was incurred.
  • The taxpayer will need to notify the tax authority about the change of data relevant for the calculation and payment of VAT contained in the registration form. The notification is in electronic form and, consequently, notification in writing will be excluded.

After the end of the public consultation, the draft law is expected to enter into force on 1 January 2023, coinciding with the Serbian e-invoicing mandate expected to become mandatory on the same date.

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Marta Sowińska

Marta Sowińska is a Junior Regulatory Counsel at Sovos. Based in Lisbon and originally from Poland, Marta earned a Bachelor’s degree in International and European Law from the Hague University of Applied Sciences in the Netherlands and has studied at the Beijing Normal University in China.
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