Bosnia and Herzegovina: Law on Cash Registers in Brčko District amended
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Bosnia and Herzegovina: Law on Cash Registers in Brčko District amended

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Bosnia's Brčko District Assembly adopted amendments to the Law on Cash Registers on October 17 2018, narrowing the list of persons who are obliged to register invoices using cash registers. The new amendments now grant exemptions to a number of taxpayer categories including: farmers not registered for VAT, farmers and craftsmen selling their own goods, small companies (as per the Law on Personal Income Tax), municipal public companies, banks, insurance companies, insurance funds, postal companies, religious institutions, educational institutions, libraries, museums, and gambling and betting related activities.

Introducing cash registers is not expected to incur an extra cost for taxpayers because the government of the Brčko District has secured subsidies for the purchase of the registers.

The new law aims to ensure that all taxes will be paid on real turnover, as well as harmonising with laws on cash registers in the Republic of Srpska and the Federation of Bosnia and Herzegovina.

The law is effective from January 1 2019. We advise taxpayers who are unsure if the amendments will have an effect on their current business practices to seek professional advice.

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