System of e-Invoicing – Are you ready?

The panel discussion, titled ‘Are you ready for E-Invoicing?’, was aimed to answer frequently asked questions and help businesses understand their e-invoicing requirements. Ever since regulations were adopted last year, Serbian firms have been pondering the multitude of issues that lie in store once the first stage of the E-Invoicing System becomes operational, making the novel arrangement one of the year’s crucial question for all firms.

The seminar was opened by Slavica Savičić, State Secretary at the Ministry of Finance, who welcomed interest shown by businesses for the first stage of e-invoicing. She explained how the system and its future upgrades would help make both business-to-government and business-to-business transactions more efficient.

In her introduction, Biljana Bujić, AmCham Secretary Treasurer and Partner at KPMG, noted how e-invoicing was a global trend that Serbia was embracing, even though the changes were far from easy as they involved adapting companies’ existing operating arrangements.

Vojislav Simić, consultant with the Ministry of Finance, recapitulated the latest amendments of the Electronic Invoicing Law and presented the practical aspects of the E-Invoicing System, in particular its full compliance with the legal framework.

Officers of the Ministry of Finance Sonja Talijan, Assistant Minister for the Digitalisation Department, and Dragan Demirović, Assistant Minister for the Fiscal System Department, addressed concerns voiced by businesses about the system’s functions and how it would fit into their operations. They also outlined the key future requirements of the E-Invoicing System for Serbian businesses.

The discussion was moderated by Zorana Branković, Chairperson of AmCham’s Digital Economy Committee and Head of Multichannel and CX Department at Banca Intesa, and Julijana Čubrilo, Tax Manager at PricewaterhouseCoopers Serbia.

Click here for video of the entire event. (in Serbian)