Electronic VAT Recorder

As of 1 January 2023, all VAT debtors who are registered VAT payers, as well as voluntary users of the System of electronic invoices (SEF) are obliged to electronically record VAT calculations in SEF. Most Serbian companies are making progress with the implementation of a solution to address the new e-invoicing requirements however some process segments, in particular VAT recording, are still being done manually.

  • Electronic recording of VAT calculation in SEF should be performed by the deadline for the submission of tax return for each tax period, and it is done in summary or individually, depending on the type of VATable transaction.
  • Manual recording of VAT calculation in SEF entails high administrative burden on taxpayers with high volumes of reportable transactions (e.g. where reverse charge VAT applies, in case of VAT-able free of charge supplies, etc.) 
  • Automation of electronic recording of VAT calculations is also possible via API connection. Taxpayers should consider automation of this process to save time, and to eliminate any potential error or omission.

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Dragan Draca

Dragan Draca

Partner, Tax Services, PwC Serbia

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