{"id":1106,"date":"2021-02-26T08:52:03","date_gmt":"2021-02-26T08:52:03","guid":{"rendered":"https:\/\/www.profitplus.rs\/?p=1106"},"modified":"2021-02-26T08:52:03","modified_gmt":"2021-02-26T08:52:03","slug":"draft-electronic-invoicing-act","status":"publish","type":"post","link":"https:\/\/www.profitplus.rs\/en\/draft-electronic-invoicing-act\/","title":{"rendered":"Draft Electronic Invoicing Act"},"content":{"rendered":"<p>Draft Electronic Invoicing Act is open for public debate on 18th and 23rd February 2021, and is expected to apply to public-sector entities from 1st July 2021 and to private-sector enterprises from 1<sup>st<\/sup> July 2022. Here are the main points introduced by the draft:<\/p>\n<ul>\n<li>The draft requires electronic invoices to be issued, delivered, received, processed and stored for transactions conducted between government and private entities, between state-owned entities, and between privately held enterprises.<\/li>\n<li>The transactions, whether a fee is charged or not, for which it is currently not mandatory to issue electronic invoices, must now have their VAT calculations recorded electronically in the system of electronic invoices.<\/li>\n<li>The draft specifies the compulsory elements of every electronic invoice.<\/li>\n<li>By accessing the system of electronic invoices the invoice recipient reviews and either accepts or rejects an invoice within a period of 8 (eight) days from the date of receipt. If the invoice is not confirmed and\/or rejected by a government entity within this deadline, the invoice is deemed accepted. If a privately held company fails to accept or reject the invoice, the buyer will be presented with a notice that an electronic invoice has been issued. If the private company does not react within 3 (three) days from the date of receiving this notice, the invoice is considered rejected.<\/li>\n<li>This draft Electronic Invoicing Act introduces penalties for violating the provisions of this Act, requiring that a public or private enterprise pay between RSD 200,000 and RSD 2,000,000 in fines and the responsible person within that legal entity between RSD 50,000 and RSD 150,000.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Draft Electronic Invoicing Act is open for public debate on 18th and 23rd February 2021, and is expected to apply &#8230; <a class=\"cz_readmore\" href=\"https:\/\/www.profitplus.rs\/en\/draft-electronic-invoicing-act\/\"><i class=\"fa fa-angle-right\"><\/i><span>More info<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":408,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[15],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v15.2.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Draft Electronic Invoicing Act - PROFIT PLUS West Balkans<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.profitplus.rs\/en\/draft-electronic-invoicing-act\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Draft Electronic Invoicing Act - PROFIT PLUS West Balkans\" \/>\n<meta property=\"og:description\" content=\"Draft Electronic Invoicing Act is open for public debate on 18th and 23rd February 2021, and is expected to apply ... 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