Fiscalisation Law

30. December 2020 | Reading Time: 1 Min

The Fiscalisation Law has been published in the Official Gazette of the Republic of Serbia no. 153/2020 on 21 December 2020. Most of the provisions of Law will be applied from 1 January 2022.

Below we present the most important provisions of this Law:

  • The Fiscalisation Law refers to every taxpayer of income tax on self-employment in terms of the law governing personal income tax and every taxpayer of corporate income tax in terms of the law governing corporate income tax, which carries out retail trade.
  • The taxpayer is obliged to issue fiscal invoice at the moment of retail turnover electronically through the electronic fiscal device, as well as to submit data on issued fiscal invoices to the Tax Administration via a permanent internet connection in real time at retail.
  • Exceptionally, if there is an interruption of the Internet connection, the taxpayer submits to the Tax Administration data on issued fiscal invoices periodically, immediately after the establishment of the Internet connection, and no later than five days from the date of issuance of an individual fiscal invoice.
  • In case of change of data, the taxpayer is obliged to submit this data to the Tax Administration, no later than 24 hours before the change.
  • Supervision over the application of this law is performed by the Tax Administration. In case that the inspector finds non-compliance with the provisions of the law, he shall impose on the taxpayer a ban on performing activities for up to one year.
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