B2B e-invoicing in Serbia effective January 2023
Serbia implements mandatory B2B e-invoicing in January 2023.
Serbia is implementing e-invoicing progressively in the country, starting with the B2G transactions this year – transactions with public bodies or government administration, to finally extend the requirement of e-invoicing to all B2B transactions by 1 January 2023.
All trader operators in Serbia will be subject to e-invoicing, including foreign companies registered with a local fiscal representative.
E-faktura is the platform launched for the purpose of the exchange of e-invoices – already working for the B2G invoices issued and received. The platform is used for sending, receiving, recording, processing and storing e-invoices.
The format required for e-invoices is XML (UBL 2.1), according to the required standard.
What is an e-invoice?
An e-invoice is an electronically delivered invoice in a specified standardized format. They are issued, transmitted, and received in an XML format.
E‐invoicing can be implemented via the clearance method and the post‐audit method.
- The clearance model implies that the seller must receive the approval from the tax authorities in order to issue each invoice.
- The post-audit model, the invoice is exchanged directly between the seller and the buyer, and only after the issuance, the invoice is subject to review from the tax authorities.
The e-invoicing introduced in Serbia corresponds with the clearance model.
The trend for B2B e-invoicing is spreading throughout the EU countries. Currently implemented in Italy, Portugal and Greece, other countries have already taken the necessary steps for this implementation, like Poland, Romania and France.
Please contact our team to request advice for your intra-Community transactions and EU VAT compliance.