News

Amendments to the Law on Indirect Taxation Procedure

Tax Alert, November 2013

he House of Peoples of the Parliamentary Assembly of Bosnia and Herzegovina has recently adopted Amendments to the Law on Indirect Taxation Procedure (hereinafter “the Law”).

The Law is expected to be published in the Official Gazette of BiH within the next few days.

According to the Law, following provisions have been amended:

  • The enforced penalty procedure fee will be reduced from 10% to 5%;
  • The daily penalty interest rate will be reduced from 0.06% to 0.04;
  • The Indirect Taxation Authority of BiH will be entitled to publicly announce taxpayers that have unsettled liabilities related to value added tax, customs and excise duty.
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