New Requirements for Electronic Signing of Financial Statements Starting From 2025

New Requirements for Electronic Signing of Financial Statements Starting From 2025

May 22, 2024

As we wrote in one of our previous articles (available here), for the purpose of properly submitting financial statements to the Serbian Business Registers Agency (“SBRA”), it is necessary for the electronic document to be signed with a qualified electronic signature.

Previously, in situations where the document was signed by co-signatories, and one of them did not possess a qualified electronic signature (which was most often the case with foreign nationals), the SBRA accepted the financial statement signed with a qualified electronic signature of one signatory along with the written consent of the other signatory, which did not have to contain a qualified electronic signature.

However, according to the SBRA’s notification, starting from January 2025, all co-signatories, including the foreign nationals, will have to provide a qualified electronic signature issued by an authorized certification body in the Republic of Serbia, in order for the financial statement to be submitted to the SBRA without formal deficiencies.

This means that starting with the financial statements for the year 2024, entities whose legal representatives have a registered restriction requiring co-signature will need to sign these statements with a qualified electronic signature of all co-signatories.

This article is to be considered as exclusively informative, with no intention to provide legal advice. If you should need additional information, please contact us directly.