Increase in VAT registration threshold to 100,000 KM

• The Parliament of Bosnia and Herzegovina has adopted a law increasing the VAT registration threshold from 50,000 KM to 100,000 KM.
• The law will come into effect on December 2, 2023.
• The registration process for taxpayers will be based on the regulations in place at the time of application.
• Taxpayers who have already applied for registration before the law takes effect will be processed according to the previous regulations.
• The Tax Administration will prioritize processing requests for deregistration from taxpayers who have had turnover below the new threshold in the previous calendar year.
• The new law does not apply to taxpayers who have voluntarily registered for VAT for a minimum of 60 months.

Source: uino.gov.ba

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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