The proposed Amendments were concerning lowering of VAT for the supply of certain goods and services and a higher VAT rate for luxury items. The changes from this regulation would include lowering the VAT rate for the supply of products such as medicines, flour, bread, milk and dairy products, sugar, etc. for which a reduced VAT rate of 5% will apply. On the other hand, the changes stipulate a hig... Read more

The purpose of this document is to introduce payment media types that exist in the Federation of Bosnia and Herzegovina with the emphasis on the main practical differences between them as well as to point out what are expected ways of developing and using new types of payment media in this country. Read more

On March 10th, the House of Representatives of the Parliamentary Assembly of Bosnia and Herzegovina adopted the Draft Law on Amendments to the Law on Value Added Tax, which was previously proposed in late February by one of the political parties. The proposal was considered in an urgent procedure, and the changes concern certain food products and many luxury items. The current VAT rate in Bosnia... Read more

In late December 2021, the Deputy Prime Minister and Minister of Finance Jelka Milićević repealed the Rulebook on the Dynamics of Replacement of Fiscal Systems in the Federation of Bosnia and Herzegovina ("Official Gazette of the FBiH", No. 74/2021). With this decision, the mentioned Rulebook on the Dynamics of Replacing Fiscal Systems in the Federation of Bosnia and Herzegovina ( shortened: FBIH... Read more

The purpose of this document is to, in the first place, provide a general overview of directives related to taxation of vouchers, and to explain, in short terms, the main differences between single-purpose vouchers and multi-purpose vouchers, both defined by the Council Directive (EU) 2016/1065 of 27 June 2016. Read more

It has been characterized as "the single biggest, most critical vulnerability of the last decade" (severity 10/10 on vulnerability scale)! The Log4j vulnerability affects everything that uses the log library, from the cloud to developer tools and security devices, including fiscalization. Read more