PwC Tax News: Amendments to the Rulebook on the procedure for filing tax returns and Rulebook on the application of the Profit Tax Law

In the “Official Gazette of FBiH”, No. 87/20 of December 2, 2020, were published: Rulebook on amendments to the Rulebook on the procedure for filing tax returns, and Rulebook on amendments to the Rulebook on the application of Profit Tax Law. Amendments to the Rulebook on the procedure for filing tax returns are mainly related to defining and accurately stating tax returns and appropriate forms, and the term “electronic filing” of tax returns has been introduced instead of the term “filing” via the Internet. Amendments to the Rulebook on the application of Profit Tax Law introduce the possibility of submitting only the following applications electronically: Investment Plan (PI-808), Tax relief on the basis of new employment (PP-812), Income tax return through the relevant previously prescribed forms, as well as a certified Statement of calculated tax on paid dividends or profits (Form ID-813), and a Declaration of withholding tax, a Statement of a legal entity for the purpose of exemption from withholding tax at source (Form OP-820), Report of branch profits from RS or BD (Form PE 806), Tax return for business unit outside the territory of BiH (PE-807), Tax return for tax credit (PK-814), and finally, Review of tax losses (Form PG-809). The rulebooks came into force on December 3, 2020 and will be applied from January 1, 2021.