Minister of Finance Sinisa Mali announced today that from January 1, 2022, all entities in the public sector will have the obligation to receive, store and issue electronic invoices, and gradually this obligation, as he says, will be introduced for the private sector for which electronic invoicing will be mandatory from January 1, 2023.
Presenting the Bill on Electronic Invoicing, Mali said that it is a systemic law that changes the way the economy functions, following the example of digital invoices, which are already being implemented in the European Union and which should contribute to transparency and legal security in business.
According to the Minister of Finance, the proposed law implies that it will gradually introduce the obligation to issue and receive electronic invoices for all those business entities that are in the VAT system from January 1, 2022 to January 1, 2023. He pointed out that the use of the e-invoice system will be free, and for those economic entities that want to use information intermediaries, they will be able to do so, as he explains, but their relationship will be regulated by a mutual agreement, not by law.
“As far as deadlines are concerned, this system will be introduced in phases from January 1, 2022. All public sector entities will be obliged to receive, store and issue e-invoices among themselves. Also, those who are in the private sector will have the opportunity to issue electronic invoices to the public sector if they want to work with the public sector,” said Mali.
He stated that from July 1, 2022, the subjects of the private sector will be trained, that is, they must be trained to receive and store e-invoices from both the public and the private sector.
“From January 1, 2023, the entire private sector will be obliged to receive and send e-invoices,” said Mali.
The Minister assessed that it was a huge step forward for the Serbian economy, stating that there would be no more paper invoices and stamps, Politika reports.
