Deadlines for settlement of monetary obligations in commercial transactions

According to the provisions of the Law on deadlines for settling monetary obligations in commercial transactions (“Official Gazette of the RS”, no. 119/2012, 68/2015, 113/2017, 91/2019, 44/2021, 44/2021 – other Law, 130/ 2021, 129/2021 – other laws and 138/2022) are governed by:

  1. deadlines for settling monetary obligations in commercial transactions between the public sector and business entities, between business entities, that is, between public sector entities, and to prevent non-payment of monetary obligations within the deadline and
  2. recording electronic invoices and other requests for payment in electronic form in the central register of invoices issued by creditors in commercial transactions between the public sector and business entities, i.e. between public sector entities, in which the public sector entities are debtors, based on the data obtained from the system of electronic invoices.

In the Central Register of Invoices established and managed by the Ministry of FinanceTreasury Department, only electronic invoices issued by creditors in commercial transactions between the public sector and business entities, i.e. between public sector entities, in which the public sector entities are debtors, are recorded, upon establishment technical and technological conditions, and mandatory from May 1, 2022, based on data obtained from the electronic invoice system. Continue reading Deadlines for settlement of monetary obligations in commercial transactions

Electronic document

By the provisions of the Law on electronic document, electronic identification and trust services in electronic business (“Official Gazette of the RS”, No 94/2017 and 52/21) shall be regulated electronic document, electronic identification and trust services in electronic business.

For the purposes of the Law on electronic document, electronic identification and trust services in electronic business (“Official Gazette of the RS”, No 94/2017 and 52/21) electronic document means a set of data consisting of letters, numbers, symbols, graphic, audio and video materials, in electronic form.

Legal effects and probative force of electronic document

An electronic document shall not be denied legal effect, probative force, and written form solely on the grounds that it is in electronic form. Continue reading Electronic document