The legislation
Already in recent years, Serbia has been dealing with the issue of mandatory electronic invoicing. On 29.04.2021, Law No. 44/2021 was passed, which, in addition to the framework for an invoicing system, regulates the issuance, transmission, receipt, processing, storage and content of electronic invoices.
The invoicing system
The Serbian Ministry of Finance has now developed the "Sistema E-Faktura" (SEF) platform, which is used for receiving, sending and archiving invoices. With this new platform, Serbia has a continuous transaction control, CTC for short, which is intended to put a stop to tax fraud and close gaps in the collection of taxes.