- Introduction of E-Invoicing Legislation: Bosnia and Herzegovina is set to implement a draft law mandating e-invoicing and real-time reporting across various sectors to enhance tax compliance through structured digital invoicing systems, with certain exemptions for sectors like defense and health.
- Implementation Mechanisms: The law requires businesses to use the Central Platform for Fiscalisation (CPF) for B2B and B2G transactions, while B2C transactions will utilize approved Electronic Fiscal Systems (EFS), ensuring real-time data reporting and increased transparency.
- Compliance and Penalties: The draft law includes penalties for non-compliance with the e-invoicing regulations, though an official timeline for implementation has not yet been announced. Businesses are encouraged to prepare by evaluating their current invoicing systems for compatibility with the new requirements.
Source: rtcsuite.com
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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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