Serbia MOF Posts Law Amending E-Invoicing Provisions

The Serbian Ministry of Finance Dec. 10 posted a law amending electronic invoicing provisions. The law includes measures: 1) requiring private sector entities voluntarily using the electronic invoicing system, and tax representatives of foreign nationals, to issue electronic invoices for payment requests to the National Bank of Serbia; 2) exempting from the electronic invoicing requirement certain transactions, like retail sales to corporate cardholders; 3) requiring system users to disclose and update VAT status data within five days of registration or changes; and 4) applying fines against an entity from 200,000 Serbian dinars (US$2,003) to 2 million dinars (US$20,018) for failure ...