EU Trends - Changes in the VAT Directive of the European Union which are effective as of 1 January 2013 define uniform rules for issuing invoices which apply both to invoices issued in hard copy and in electronic form. As a result hard copy invoices are made equivalent with electronic invoices.
While in the EU invoicing in hard copy and electronic form is equivalent and is regulated by VAT legislation, in Serbia tax regulations do not contain a single provision in respect of electronic invoicing.
However, there is growing interest in electronic invoicing. One of the basic reasons are the undeniable benefits of electronic invoicing: reduction in the costs of processing and storing invoices, decrease in errors in posting and reporting, greater efficiency and integration of business processes, environmental impact, etc.
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