July 2025
Introduction
On 27 June 2025, the “Official Gazette of the Republic of Serbia” No. 56 published an Amendment to the Rulebook on Electronic Invoicing (hereinafter, the “Rulebook”). Pursuant to this Amendment, the “relaxation” period for penalty provisions has been extended until the end of the year.
Extension of the Deadline to 31 December 2025
By the Amendment to Article 22 of the Rulebook, the period during which the Ministry of Finance — and, by its authority, the Tax Administration — will refrain from taking into account any errors in the reporting of VAT in the electronic records has been extended. Consequently, the Individual VAT Ledger, the Consolidated VAT Ledger, and the Prior-Tax Credit Ledger will not be subject to compliance checks until 31 December 2025. Taxpayers are thus granted an additional six months to align their operations with the new electronic invoicing requirements.
New Mandatory Field in Credit and Debit Notes
Effective 1 July 2025, the previously adopted provision on mandatory elements of debit and credit notes enters into force. Under Article 14, paragraph 1, item 3) of the Rulebook, both debit and credit notes must now include a “Date of Reduction” or “Date of Increase,” respectively. These documents must, as before, also bear the date on which they are issued.
The principal significance of this amendment lies in the automatic posting of the adjustment base from the credit note into the purchaser’s input tax records, thereby enhancing the completeness and accuracy of the VAT records.
