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Who will be obligated to comply with the new Law on fiscalization in the Republic of Srpska?
Summary
The new law, unlike the previous one, does not exclude any economic activity from fiscalization in the Republic of Srpska. The entity government left the possibility to do so by a special regulation, a specific Decree in the upcoming months. The Government of the Republic of Srpska is expected to raise 50 million KM for the new fiscalization process.
Content
According to the adopted text, all persons registered to perform transactions and services are prescribed by law as obligators of the new Law. 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 cannot record turnover through that device, an exception can be made in the future as explained by the Ministry of Finance.
This means that both wholesale and retail are subjects of the new Law, unlike the current Law on Fiscal Cash Registers that includes only retail.
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