“Now let’s see what happens. I think a drop should be expected. But what I think and say, such as in other countries on the globe affected by coronavirus, the VAT should not be changed. Because VAT is only paid when consumption is made. Therefore, VAT is paid on sales tax and services and fees. So those who do not work, do not provide services, have no obligation to pay VAT. And those who work, like shops, should pay VAT. And incentives should be reflected through direct taxes, through government subsidies for taxes and contributions,” says Dzakula.
Source: sarajevotimes.com
Latest Posts in "Bosnia and Herzegovina"
- Bosnia and Herzegovina Proposes Mandatory Real-Time E-Invoicing Bill with Pre-Clearance and Reporting
- Bosnia and Herzegovina to Launch E-Invoicing for Modern, Efficient, and Transparent Business Environment
- Indirect Tax Authority Issues New VAT Refund Guidelines for Non-Resident Taxpayers
- Procedure for VAT Refund to Foreign Taxpayers
- Federation of BiH Proposes New Law on Fiscalization to Modernize Tax System and Combat Evasion
