Federation of Bosnia and Herzegovina Adopts Law on Fiscalization of Transactions After Intense Parliamentary Session

The House of Peoples of the Parliament of the Federation of Bosnia and Herzegovina has adopted the Law on Fiscalization of Transactions after a failed electronic vote was overturned by a successful roll-call vote. The law introduces mandatory receipt issuance, an electronic transaction recording system, supervision and penalties, aiming to curb tax evasion through real-time, technology-based reporting across the Federation.

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.