Based on the needs of monitoring modern business trends, and striving to introduce legal and systemic solutions that will enable efficient monitoring of the origin and quality of trade in goods, based on business and tax practices of neighboring countries (Republic of Serbia), and Council Directive 2006/112/EC of 28 November 2006 on the common system of value added tax, the FIC today submitted to the Indirect Taxation Authority (ITA) an Initiative to amend the new Rulebook on the application of the new VAT Law of BiH (Initiative).
Along with the Initiative, a presentation of the benefits that it would have for the business environment, as well as for the state, which is an indispensable partner in the entire process, was submitted. Also, examples from the practice of individual countries in the region were submitted.
The structure of the Initiative to amend the new Rulebook on the application of the new Law on VAT of BiH includes:
a) Description of the Initiative to amend the new Rulebook on the application of the new Law on VAT of BiH
b) Schematic presentation of the Initiative in practice and description of the model with special reference to the tax part, the occurrence of the obligation, the issuance of a tax invoice, records in tax books
c) Benefits arising from the adoption of the Initiative
d) Example of countries from the region (Republic of Serbia, Republic of Croatia and Council Directive 2006/112/EC of 28 November 2006 on the common system of value added tax, guidelines)
Appreciating the flexibility and understanding that the members of the ITA BiH Board of Directors have shown so far towards the FIC and our members, respecting our observations, attitudes and suggestions, we thank you once again for your willingness to cooperate with the business community in BiH.