In the Official Gazette No. 56 dated 27 June 2025, the Rulebook Amending the Rulebook on Electronic Invoicing (“Rulebook”) was published, which extends the deadline for tolerance of errors in the process of electronic recording of Value Added Tax (“VAT”) within the Electronic Invoicing System (“SEF”).
Instead of 30 June, as initially envisaged, the Ministry of Finance will disregard potential errors in electronic recording of VAT until 31 December 2025.
As a reminder, the obligation of electronic VAT recording within the SEF system was introduced by the Law on Electronic Invoicing of the Republic of Serbia (“Official Gazette RS”, No. 44/2021, 129/2021, 138/2022, 92/2023 and 94/2024), and is implemented through Summary and Individual VAT Records within the SEF system, in accordance with the Rulebook.
This obligation applies to: a VAT taxpayer who is a VAT obligor and a person who is not a VAT obligor but is a public sector entity or a voluntary SEF user.
The records must be entered no later than the 12th calendar day of the month following the relevant tax period, and in certain cases, may also be entered during the tax period itself.
Summary VAT Records include:
- data on advance payments, transactions, special taxation schemes (tourism services, second-hand goods);
- increases/decreases of the tax base;
- cancellations and
- aggregate VAT amounts at the rates of 10% and 20%.
Individual VAT Records are used for:
- supplies and acquisitions where the recipient is a VAT obligor;
- transactions involving newly constructed buildings.
For additional information or expert legal assistance regarding the electronic recording of VAT, our team remains at your disposal.