Serbia, as an early adopter with mandatory B2B and B2G e-invoicing, shows that once initial challenges are resolved, the system increases transparency, reduces administrative burdens, and strengthens tax discipline.
North Macedonia is now entering a similar modernization phase, using e-invoicing as part of a broader effort to improve public administration and align with European digital standards. Both countries benefit from enhanced legal certainty, as standardized digital invoices reduce disputes and provide stronger evidentiary value in tax and commercial proceedings.
Harmonized practices between Serbia and North Macedonia also simplify cross-border operations and support more efficient regional supply chains. Beyond compliance, e-invoicing improves operational efficiency by reducing manual errors, accelerating payment cycles, and boosting cash flow predictability—especially for SMEs. At the national level, it increases fiscal transparency and helps reduce the grey economy by enabling near real-time transaction oversight. Digital invoicing systems also enhance data security and reduce fraud by implementing authentication mechanisms and controlling access.
To maximize these benefits, companies must approach e-invoicing strategically, aligning legal, financial, and IT processes from the start. Ultimately, the experiences of Serbia and North Macedonia show that e-invoicing is not just a regulatory obligation but a strategic tool for improving efficiency, legal certainty, and economic transparency.
The full review of provided by Senior Partner Ivica Jevtić from the JPM Skopje office is avalable here.
