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.
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