At each location (store) where the retail company would issue receipts, they must have a fiscalized device that is linked to that business unit, which also must be registered. However, when it comes to doing sales from one or more locations, it's not so simple. Read more

Even though the new Law on Fiscalization in the Republic of Srpska has been officially adopted and published in 2022, practical implementation is currently not feasible. This is due to the absence of essential by-laws necessary to enforce the law effectively, which are further expanded on below. Article 26, paragraph 1, of the Fiscalization Law ("Official Gazette of Republika Srpska", number: 15/2... Read more

Foreign customers in Bosnia and Herzegovina (BiH) have the opportunity to claim a VAT refund on purchased goods, provided they meet certain conditions. According to the Indirect Taxation Authority of BiH (ITA BiH), non-resident individuals without a place of residence in BiH are eligible for VAT refunds when they buy goods in the country and take them out of its customs territory. However, mineral oils, alcohol, and tobacco products are excluded from this refund scheme, as reported by the authorities. Read more

One of the key aspects of the fiscalization requirements for return transactions is that they are considered fiscal receipts. This means that businesses are required to issue a fiscal receipt for return transactions, even if the total amount of the transaction is negative. Read more

Bosnia and Herzegovina has imposed a value-added tax on non-resident providers of digital services, i.e., the new value-added tax (VAT) rules for non-resident providers of digital services are in alignment with EU regulations on taxation in the location of consumption. The new rules require foreign providers to register, collect, and remit 17% VAT to the Indirect Taxation Authority. Read more

On April 5, 2023, Fiscal Solutions organized a free webinar on the topic of „New regulations around e-receipts in European countries“. The webinar was held by Mitul Jain, CEO and co-founder at Refive, and Nikolina Basić, Legal Consultant at Fiscal Solutions. This webinar introduces to the specific regulations in various European countries when it comes to e-receipts. Read more