Bosnia and Herzegovina: Indirect Taxation Authority of Bosnia and Herzegovina introduces electronic services
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 2024

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

Bosnia and Herzegovina: Indirect Taxation Authority of Bosnia and Herzegovina introduces electronic services

intl-updates

On November 16 2017, the governing board of the Indirect Taxation Authority (ITA) issued the Instruction on the Registration of Users of the ITA Electronic Services (the Instruction). The Instruction entered into force on December 9 2017.

All taxpayers are obliged to register for ITA e-services via the ITA official portal by January 1 2019 at the latest. However, large taxpayers that opt for using e-services will be registered automatically by February 1 2018. Large taxpayers are considered banks, insurance companies and all other taxpayers which had a total sum of output and input VAT of BAM 1.6 million ($985,400) or more in the period between August 1 2016 and July 31 2017.

According to the Instruction, the ITA distinguishes between primary and secondary users as regards those who will have access to the e-portal. A primary user is a company's representative registered as an e-portal user. An application for registration of primary users is submitted by the company's representative by filling out the relevant form on the e-portal. A secondary user is a person appointed and authorised by a primary user and each secondary user can have different types of access permission. The Instruction stipulates that one person can be a primary and/or secondary user for one or more taxpayers.

The data from the electronically submitted VAT returns will be considered to be valid, and the amounts reported will form the basis for all subsequent actions of the tax authority (tax audits, VAT refunds, revenue distribution to beneficiaries, and so on).

There is no doubt that electronic communication between the ITA and taxpayers will have substantial advantages for both sides. A particular advantage both for the ITA and the taxpayer is the avoidance of the delivery costs of hard copy VAT forms. The taxpayers will have 24/7 access to their data via the e-portal (VAT returns, payments, liabilities), while the possibility of errors during the ITA's processing of VAT returns will be substantially reduced.

topic.jpg

Dajana Topic

Dajana Topic (dajana.topic@eurofast.eu), Banja Luka/Sarajevo

Eurofast Global

Tel: +387 51 961 610

Website: www.eurofast.eu

more across site & bottom lb ros

More from across our site

Despite the relief, Brazil’s government has also presented a bill which seeks to re-impose a tax burden on companies’ payroll, one local tax specialist told ITR
Jeremy Brown arrives at the firm after a near 16-year career with Deloitte
PwC could elect a woman into the senior leadership position for the first time; in other news, KPMG Australia has extended its CEO’s term
The Senate report into PwC’s scandal is titled ‘The cover up worsens the crime’
Law firms that are conscious of their role in society are more likely to win work, according to a survey of over 23,000 in-house professionals
The firm’s tax business generated a quarter of HLB’s overall revenues in 2023
While successful pillar two implementation will require collaboration across all units, a combination of internal and external tax advice is at the centre of the effort
Binance has also been accused of manipulating foreign exchange rates via currency speculation and rate-fixing
Six individuals should have raised questions over information they received but did not breach professional standards, according to the firm
The partnership of KPMG UK has installed Holt for a second term as CEO and senior partner; in other news, a Baker McKenzie partner has sued the IRS
Gift this article