The Government of Republic of Srpska has published the Draft Amendments to the Law on Fiscal Cash Registers. The changes relate predominantly to the levels and to the duration of the sentence in certain misdemeanor procedures. The maximum penalties are…
On 17 October 2018, the Assembly of Brčko District adopted amendments to the Law on Cash Registers, essentially narrowing the list of persons who are subject to an obligation to register invoices using cash registers. The new amendments now grant…
With the new revision of the US Congress, the Decision on extending the GSP (Generalized System of Preferences), which allows goods produced in Bosnia and Herzegovina to have authorized customs treatment on import into the United States, was adopted. For…
Almost 10 years after the adoption of the Law on Tax Consultancy, on 14 February 2018 the Ministry of Finance adopted the Rulebook on Tax Advisers’ Licenses (the Rulebook), which then entered into force on 22 February 2018. The Rulebook…
The National Assembly of Republic of Srpska adopted a Law that regulates the deadlines for settlement of financial obligations and penalties applicable in case of failure to comply. The law – published in the Official Gazette no. 31/18 – is…
Amendments to the Law on Excise Duties in Bosnia and Herzegovina On 15 December 2017, the Parliament adopted long-delayed amendments to the Excise Law in Bosnia and Herzegovina (BiH) following a 15-hour long debate in parliament and resistance from the…
On November 16, 2017 the Governing Board of the Indirect Taxation Authority (ITA) issued the Instruction on Registration of Users of the ITA Electronic Services. The Instruction entered into force on December 9, 2017. All taxpayers are obliged to register…
On 27 June 2017, the Prime Minister of Bosnia and Herzegovina adopted a decision ratifying the income tax treaty between Bosnia & Herzegovina and Romania, which was signed on 6 December 2016. When it becomes effective (pending Romania’s ratification), the…
The National Assembly of the Republic of Srpska (RS) adopted the amendments to the Air Protection Law (the Law) on 27 April 2017. With the amendments, the new Law is now harmonized with the European Union acquis communautaire. “In order…
The Law on financial business activities in FBiH was published in the Official Gazette of FBiH No. 48/16 in June 2016, while it became effective as of December 30, 2016. The Law is the result of harmonization of BiH’s legislation…