In the previous week, The Proposal of new Law on Fiscalization in Republika Srpska got adopted by the National Assembly of the Republic of Srpska.
The new Law on Fiscalization regulates topics of turnover, as well as taxpayers and the fiscalization procedure, including the content of the fiscal receipt and other procedures necessary for efficient control of the realized turnover of goods and services through electronic fiscal devices.
The Proposal of new Law on Fiscalization in the Republic of Srpska is adopted by the National Assembly
Public
Republic of Srpska
Author: Kristina Dosen
Category:
Fiscal subject related
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722
Content accuracy validation date:
25.02.2022
Content accuracy validation time:
09:42h
The Minister of Finance of the Republic of Srpska Zora Vidović, pointed out that one of the benefits of the new Law on Fiscalization is that revenues are going to be visible in real-time.
"As persons are liable for fiscalization, the law prescribes all persons registered to perform transactions and services in the Republic of Srpska. Having in mind that it may happen that persons who perform a certain activity due to technical and functional characteristics of fiscal devices and specifics of activities that they perform cannot record turnover through that device, exceptions may occur ", explained the Minister of Finance of the Republic of Srpska.
Also, this law leaves the possibility for the Government of the Republic of Srpska to subsequently determine by a decree or similar act some exceptions to recording trade through the electronic fiscal devices for certain subjects, so this may be done sometime in the future.
One of the most important matters is the bylaws and rulebooks that are scheduled to be passed within six months from the adoption. These bylaws and rulebooks will also determine deadlines for taxpayers to transfer to the new system.
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