NetSuite - Localization Package Serbia

The localization package for the Republic of Serbia covers:

VAT

• Full coverage of the requirements of the VAT Act and Regulations implementing the VAT Act;
• Possibility for unlimited number of tax codes, VAT rates, and reasons for applying zero VAT or VAT exemption in one and the same document;
• Printed forms in Serbian language of the tax documents (invoice/debit note/credit note/protocol), including a table with grouped tax rates, tax base, and reasons for applying zero VAT or VAT exemption;
• E-Faktura - automated daily export of all invoices to official E-Faktura portal;
• Import VAT according to customs declaration;
• Special handling of VAT for transactions with advance payments.Reporting of deliveries when the tax is due by the recipient (reverse charge);
• Preparing VAT registers, a declaration (POPDV and PPPDV) — printed forms of all official documents, export to PDF;
• Preparing all electronic files according to the formats defined in the Regulations implementing the VAT Act;
• Locking tax periods after submitting the registers; 
• Compatibility with Multibooking, including in cases where Secondary Accounting Book is used for local (Serbian) accounting purposes;
• Compatibility with NetSuite OneWorld (the localization package works only with Serbian companies without changing the functional settings of the other companies in the multi-company environment);