Bosnia and Herzegovina: Fiscal system in Bosnia and Herzegovina
International Tax Review is part of the Delinian Group, Delinian Limited, 4 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 00954730
Copyright © Delinian Limited and its affiliated companies 2023

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

Bosnia and Herzegovina: Fiscal system in Bosnia and Herzegovina


Dajana Topic

A country's fiscal system is the complete setup of government revenue and expenditures and the way in which government agencies carry them out. This system is governed by fiscal policy, which comes from decisions made by the governing body. The law on fiscal systems in the Republika Srpska came into effect at the end of 2008. While the first deadline for fiscalisation and putting into operation the fiscal record turnover in the Federation was the end of 2010.

Any person who is registered in the appropriate register for goods or services supply is obliged for recording of every single turnover over fiscal devices, irrespective of the method of payment (cash, cheque, credit cards, credit transfer).

The law prescribes exceptions to about 14 activities that are exempt from fiscalisation. Among them are independent farmers, artisans of the old and traditional arts, art institutions, public companies in the energy, utilities, telecommunications, postal services, companies in the field of social security, religious organisations, banks and insurance companies, libraries, archives, museums, sales through vending machines, shoeshine business and carriers as well as activities of education (preschool, elementary, middle and high).

Approved fiscal devices or their parts can be sold only by a registered manufacturer/agent.

The taxpayer is required to keep a daily report book for each fiscal device, in each calendar year.

The taxpayer is also required to create and to print a daily report at the end of working day, at least once a day, if there is any turnover during that day. A periodic report should also be created and printed on the last day of each tax period. Each printed daily and periodical report needs to be filed in a daily report book in chronological order.

If the customer settles payment via the invoice, then the taxpayer is required to enter on the invoice the fiscal number, based on the fiscal device which the turnover is registered in.

Since fiscal policy has direct and measurable effects on employment and consumer income, it straddles both economic and political agendas. Businesses must understand a country's fiscal system to operate effectively within its borders.

Dajana Topic (

Eurofast Global, Banja Luka Office /B&H

Tel: +387 51 340 680


more across site & bottom lb ros

More from across our site

Mexico is advised to eliminate its zero-rating for VAT, Hong Kong cuts stamp duty, road tax rates fall across the OECD and G20, and more
Ulf Johannemann, who has been on trial in Frankfurt since September, was the firm’s most senior tax partner until 2019
Important dates for the Women in Business Law Awards for 2024 revealed
More than 1,000 PwC staff in China and Hong Kong engaged in improper answer sharing, it is understood
Yusuf Akhmadi of Indonesia’s Directorate General of Taxation reports on the country’s latest domestic and cross-border initiatives to clamp down on tax evasion
The new rate is a blow to Samsung, while two law firms have made significant tax hires into their respective Washington DC offices
Rema Serafi, KPMG’s first-ever female vice chair for tax, talks about breaking the mould in an exclusive interview with ITR
The metal multinational’s victory, in a case worth $12 million, continues the trend of companies coming out on top against India’s revenue department
Guy Bud and Matthew Greene from litigation firm Stewarts review a dispute on tiered partnerships, which raises questions on corporation tax and partnership law
The stagnating pay and tax bonuses cap follow slashed payouts for the deals team and business consolidation in the last month