Serbia Adopts Amendments to the E-Invoicing Act 

On 28 November 2024, the amended Law on E-Invoicing No. 94/2024 was officially published in the Official Gazette of the Republic of Serbia. This law introduces significant changes to the electronic invoicing framework in Serbia, with various provisions set to take effect at different times. 

The law will come into force on December 15, 2024, and will be applied from January 1, 2025. However, Articles 3 and 12 of the law will take effect starting December 15, 2024. Articles 4 and 5 will apply to tax periods, in accordance with the law governing value-added tax (VAT), beginning after December 31, 2024. Additionally, Article 7 will apply to tax periods starting after December 31, 2024, in accordance with the VAT law.

Compliance and Penalties

The amended law imposes strict compliance requirements with substantial penalties for non-compliance:

• Fines for failing to issue an electronic invoice can range from 200,000 to 2,000,000 RSD.
• Non-declaration of VAT status or failure to update status data may incur fines up to 2,000,000 RSD.
• Maintaining electronic VAT records is also mandatory, with penalties for violations reaching up to 2,000,000 RSD

For more detailed information, refer to the official Serbian e-Invoicing Regulations.