- The Federation of Bosnia and Herzegovina is finalizing a Draft Law on Fiscalization of Transactions, aiming to shift from hardware-based cash registers to a digital system using e-invoices and a central Tax Administration platform.
- The law mandates real-time transaction reporting, structured issuance of receipts, and introduces the Electronic Transaction Recording System (ESET) and Electronic Fiscal System (EFS).
- It seeks to reduce tax evasion, provide free applications for small taxpayers, and align with European standards and directives.
- The proposal distinguishes between e-invoices and fiscal receipts, maintains roles for current market participants, and sets rules for intermediary service providers.
- The regulation updates terminology, addresses legal and technical gaps, and is based on international best practices and public consultation feedback.
Source: fiscal-requirements.com
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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