Fiscal subject related
The House of Peoples of the Parliament of the Federation of Bosnia and Herzegovina has officially adopted the Law on Fiscalization of Transactions, following a tense voting session during its 8th regular meeting.
Initially, the proposed law did not pass during the electronic vote, receiving 40 votes in favor, 14 against, and 6 abstentions—falling short of the required majority.
However, upon request, a roll-call vote was conducted. In this second round, the proposal was approved with 43 delegates voting in favor, 16 against, and 3 abstaining, securing the necessary support for adoption.
The newly adopted law regulates several key aspects of transaction control across the Federation, including:
· The mandatory issuance of receipts,
· Implementation of an electronic system for recording transactions,
· A monitoring and supervision framework for fiscal operations,
· Penal provisions, and
· Other matters relevant to the fiscalization process.
The primary goal of the law is to combat tax evasion driven by informal economic activity. It does so by introducing technology-based systems capable of securely collecting and transmitting transaction data in real time across the territory of the Federation of Bosnia and Herzegovina.
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