Sitemap

Serbia Offers Montenegro E-Invoicing Platform Licence Free of Charge

Source:

CorD Recommends

New Joint Venture Forms to Revolutionize Balkan Logistics

In a strategic move to enhance logistics operations in the Western Balkans, Transfera, a leading logistics company in the...

Concept Mercedes-AMG PureSpeed

Exciting, energising and breathtaking – the Mercedes‑AMG PureSpeed concept is the highlight in the run-up to the Formula 1™...

Western Balkans Chambers of Commerce Sign Tourism Cooperation Memorandum in US Congress

A landmark Memorandum of Cooperation has been signed at the US Congress, uniting the Chambers of Commerce of the...

Serbia Ascends as Key Trade Partner for Germany

Serbia is set to become a net exporter to Germany by 2025, overtaking its imports from the economic powerhouse,...

EU Sets Global Standard with World’s First Artificial Intelligence Act

The European Union has taken a pioneering step by adopting the world's first Artificial Intelligence Act, setting a potential...

Serbia and Montenegro have inked a deal allowing Montenegro to use Serbia’s centralized e-invoicing platform licence for transmitting, receiving, managing, and storing electronic invoices of businesses and entrepreneurs, as announced by the Serbian Government.

Under the agreement signed by Serbia’s Deputy Prime Minister and Finance Minister, Siniša Mali, and Montenegro’s Finance Minister, Aleksandar Damjanović, the Serbian government will offer Montenegro the software licence for this centralized e-invoicing platform free of charge for a duration of three years.

“In April of this year, Montenegro’s Ministry of Finance approached us regarding the adoption of the e-invoicing system, having recognized the significant benefits and effects its implementation has brought to our country,” stated Mali.

He further highlighted that following this, an agreement was reached for Serbia to assist Montenegro in rolling out the e-invoicing system, aimed at further enhancing the fiscal stability of the latter.

The Deputy Prime Minister emphasised the convenience the e-invoicing system brings to the business sector, accelerating work processes, ensuring more considerable legal security for entities in terms of sending and receiving invoices, and facilitating better invoice storage.

Moreover, this new system is expected to expedite VAT refunds, a key demand of the business sector, Mali explained, noting that over 103 million e-invoices have been processed through Serbia’s system.

Mali underscored the system’s effectiveness, revealing it currently serves 10,786 public fund users and 211,445 business entities.

Read more...

Budapest-Belgrade High-Speed Railway Back on Track, Ahead of Schedule

The Budapest-Belgrade high-speed railway project, funded through China’s Belt and Road Initiative, is back on track with renewed momentum. Track-laying works on the Hungarian side...

Opposition Claims Resounding Victory in North Macedonia Elections

The conservative opposition VMRO-DPMNE coalition in North Macedonia has declared a sweeping victory in both presidential and parliamentary elections. Preliminary results show the coalition...

Damjanović expressed gratitude to Serbia’s Ministry of Finance for its support, emphasising that the introduction of this centralized platform would significantly boost economic activity in Montenegro. He believes this will also contribute to the acceleration of goods and money flows within Montenegro’s economy, combating the existing shadow economy and addressing challenges Montenegrin companies face regarding VAT refunds.

Photo: Tanjug/ Sava Radovanović

Related Articles

Montenegro’s Independence Day Celebrated

Celebrating Montenegro's Independence Day with an Exhibition on Montenegrin Cyrillic Printing from the 15th and 16th Centuries. In commemoration of 530 years since the printing...

Golubac Marks Milestone with Inauguration of Eastern Serbia’s First Wind Farm

In a significant development for Serbia's renewable energy sector, Golubac celebrated the grand opening of the "Krivača" wind farm, marking the region's first venture...

Serbia and Albania Witness Significant Trade Surge, Reaching 311.4 Million Euros in 2023

Serbia and Albania saw a notable boost in trade exchange, hitting 311.4 million euros in 2023, an 8% increase from the previous year. Exports...

Serbia and Ukraine Strengthen Ties During High-Level Visits

During a significant visit by Olena Zelenska, the wife of Ukrainian President Volodymyr Zelenskiy, and Ukrainian Foreign Minister Dmytro Kuleba, Serbia has pledged its...

Ukraine’s First Lady Visits Serbia in Historic Diplomatic Move

Ukraine's First Lady, Olena Zelenska, arrived in Belgrade on Sunday, marking a historic visit as the first top Ukrainian official to visit Serbia since...

Mercator-S Becomes Serbia’s First “Green” Retail Chain

In a groundbreaking move towards sustainability and environmental protection, Mercator-S has become Serbia's first "green" retail chain by exclusively using electricity generated from renewable...

EU Delegation Hosts Europe Day Celebration in Belgrade

Emanuele Giaufret, head of the European Union delegation, hosted a reception celebrating Europe Day, which honours peace and unity on the continent. The event...

Budapest-Belgrade High-Speed Railway Back on Track, Ahead of Schedule

The Budapest-Belgrade high-speed railway project, funded through China’s Belt and Road Initiative, is back on track with renewed momentum. Track-laying works on the Hungarian side...