The new law on fiscalization, for which a public debate started today, should eliminate the shortcomings of the current model and lead to more efficient control of all deliveries of goods and services provided at retail, including received advances for future turnover, the Ministry of Finance announced.
The public debate on the Draft Law on Fiscalization, which should better regulate the subject of fiscalization, the procedure of fiscalization through an electronic fiscal device, the content of the fiscal account, as well as the taxpayers of fiscalization, started today and will last until November 23.
The public debate on the Draft Law, which should enter into force at the beginning of 2022, will take place through video conferences or in another way, about which the Ministry will inform the public in a timely manner on its website.
The Ministry of Finance invited the professional public in this area, business entities, taxpayers of fiscalization, as well as all other interested parties to participate in the public debate.
The draft law on fiscalization was made within the work of the working group, in which, in addition to the representatives of the Ministry of Finance, representatives of the Ministry of Trade, Tourism and Telecommunications, the Serbian Chamber of Commerce, as well as external expert consultants participated.
As pointed out earlier, the reason for passing the new law on fiscalization is the progress of technology and changes in the business environment in that area since 2005, since the changes in the current regulation.
The new law is expected to improve the fiscalization system in order to create conditions for combating the gray economy, more efficient control and better tax collection.
The proposed law should address the shortcomings of the current model and lead to more efficient control of all deliveries of goods and services provided at retail, including advances received for future turnover.
It is proposed that the taxpayer at the time of retail trade, including the received advance for future retail trade, issue a fiscal invoice using an electronic fiscal device, which consists of elements (fiscal invoice processor and electronic invoicing system), and whose use previously approved by the Tax Administration.
The draft law also envisages that at the moment of retail trade, each account is fiscalized and that the Tax Administration is transferred data on issued fiscal invoices via a permanent internet connection in real time.
The Tax Administration should establish a register of elements of electronic fiscal devices, the use of which is approved, while the taxpayer is left with the opportunity to independently develop and apply the device for its business, which the Tax Administration approves before use.
It is expected that the proposed legal solution, among other things, will eliminate the observed shortcomings of the current fiscalization system, such as the procedure of fiscalization and defiscalization of fiscal cash registers, regular servicing, storage of control tapes, which reduces operating costs, and eliminates unnecessary administration and thus create a better business environment.
It is expected that conditions will be created for the Tax Administration to more efficiently monitor and control taxpayers who are at risk of tax evasion, as well as increase the number of tax controls at the seat of the tax authority, which reduces the need for field controls.
It is also envisaged that buyers of products, ie users of services, can check whether their fiscal invoice has been issued in accordance with the law, immediately after the issuance of the fiscal invoice.
As previously announced by the Minister of Finance, Sinisa Mali, the biggest burden of the new fiscal cash registers will be taken over by the state, and the economy will not have any burdens.
He specified that the state will allocate from 30 to 33 million euros from the budget for next year for these new software solutions and fiscal cash registers, with the estimate that the state’s investment will pay off within a year to a year and a half, Nova Ekonomija reports.
