Urgent Registration Required for VAT Taxpayers for New VAT Return Submission Method

• Only 12.35% of the 53,775 VAT taxpayers in Bosnia and Herzegovina have registered for the new way of submitting VAT returns.
• The deadline for submitting VAT returns with a new qualified electronic signature is approaching.
• VAT taxpayers need to inform themselves, take appropriate steps, and avoid penalties.
• To use electronic services for VAT, taxpayers must first sign a contract with the Tax Administration for the use of the electronic business system.
• The signed contract should be submitted to the relevant regional center of the Tax Administration.
• Taxpayers also need to appoint a representative who will handle electronic transactions with the Tax Administration.
• The representative must have a qualified electronic certificate, which can be obtained from the Tax Administration.
• The Tax Administration is the certified body for issuing qualified electronic certificates.
• The obligation to submit VAT returns using a qualified electronic certificate starts from January 2024.
• All VAT taxpayers must take necessary steps to fulfill their obligations within the legal deadline.

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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