Bosnia and Herzegovina Advances Draft Law to Modernise Transaction Fiscalisation and Combat Tax Evasion

• The Federation of Bosnia and Herzegovina adopted a draft law on transaction fiscalisation, which will now go through the parliamentary process.
• The law aims to modernise tax collection, prevent tax evasion, and combat the informal economy by requiring real-time electronic reporting of transactions.
• It introduces oversight mechanisms, free applications for small taxpayers, and aligns with EU tax directives.
• The draft law addresses shortcomings in the current system, drawing on international experience and public feedback.
• The initiative is seen as a strategic move to strengthen fiscal stability, improve tax efficiency, and support sustainable economic development.

Source: regfollower.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.

---

---