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Rulebook on the Assignment of Identification Number, Registration and Identification and Records of Taxpayers Within the Territory of Federation of Bosnia-Herzegovina (“FBiH”)
Tax news, September 2017
The Federal Ministry of Finance adopted a new Rulebook on the Assignment of Identification Number, Registration and Identification and Records of Taxpayers Within the Territory of FBiH (“Rulebook”) that was published in the Official Gazette of FBiH, no. 69/17 on 13 September 2017.
The Rulebook entered into force on 14 September 2017 and shall commence to apply as of 1 October 2017. As of the day of commencement of application of the Rulebook, the act, which has previously regulated the concerned matter – the Rulebook on the Assignment of Identification Number and Tax Registration of Taxpayers on the FBiH Territory ("Official Gazette of FBiH", no. 39/02, 1/03, 11/04, 2/10, 83/10, 66/11 and 104/14), will cease to apply.
Some of the new issues introduced by the Rulebook are follows:
- New official forms, including the Application for Assignment of ID Number for Business Units (form PI–505)
- Procedure on the ID number assignment is desribed in detail, seperately for each type of entity which is obliged to obtain the tax ID number
- Tax Authority is obliged to initiate the procedure on tax registration ex officio in case the taxpayer does not submit appropriate application
- Documentation which shall be submitted to the Tax Authority is exhaustevly listed, separately for each case of registration (including the case of tax registraion of foreign legal entity's branch office)
- Tax Authority is obliged to issue the Certificate on Tax Registration within 5 days upon receipt of requested documentation
- In case when the company changes its registered headquarter from Repubika Srpska or Brčko Distrikt BiH to FBiH – the company's tax ID shall remain the same
- Tax identification procedure, i.e. the procedure on tax ID number assignment to a taxpayer, only for purposes of reporting and payment of public revenues, is introduced
- The Tax Authority is obliged to create a record on bank accounts of non-resident legal entites and individuals, whilst banks are obliged to notify the Tax Authority on (de)activation of non-resident bank accounts
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