- A new proposal on fiscalization of transactions is set to reach the Parliament of the Federation of Bosnia and Herzegovina in September.
- The draft law requires companies, craftsmen, and individuals with annual income above 5000 KM to issue fiscal receipts.
- The measure aims to improve control over income and spending and ensure fairer tax processes.
- Retailers and small traders are concerned about reduced competitiveness and lack of relief for legal operators.
- Authorities believe fiscal reform should stimulate the economy and ease conditions for workers.
- The law mandates real-time reporting of fiscal receipts for transparency and reduced tax evasion.
- It aligns with EU Directive 2014/55/EC, moving closer to European standards in electronic invoicing and public procurement.
- Stricter penalties are introduced to discourage avoidance of fiscal obligations.
- Fiscalization will cover digital business models like online stores and marketplaces.
- The debate in September is the beginning of a process expected to continue through 2025.
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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