FISCAL SOLUTIONS...

The Government of the Republic of Srpska has determined the Proposal of the new Law on fiscalization

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Summary
On the 2nd of December, the Government of the Republika Srpska determined the Proposal of the new Law on Fiscalization which regulates what is the subject of fiscalization in the Republika Srpska, who are the taxpayers, the fiscalization procedure, content of the fiscal receipt and other procedures necessary for effective control of trade registered through electronic fiscal devices.
Content


Before the Proposal of the new Law on fiscalization, the Government of the Republic of Srpska had determined the Draft law in this matter.
The differences between the Draft and the Proposal of the Law, which are the result of parliamentary and public debate, are reflected in the introduction of a fiscal system operator whose basic obligations would be enabling the taxpayer to harmonize operations with the provisions of this law and maintain and support electronic fiscal devices. What could be the core of this solution is that the operation of such systems requires a highly IT-trained workforce, which is currently lacking in public services.
The key question answered by this kind of solution refers to finding a way to relieve the Tax Administration of the Republic of Srpska of all those operational and technical issues that are very demanding and involve human resources that are almost impossible to provide in the state administration today, as it was mentioned in the Government. This kind of solution exists in some countries (e.g. Austria, Russia, Croatia and so on) and more and more countries are deciding to establish a fiscal system operator that takes care of all aspects of fiscalization on the part of the taxpayer. This implies horizontal management and monitoring of fiscal transactions, which relieves the Tax Administration and enables it to perform its primary obligations (determination, control, and collection of tax obligations) without delay.
Other differences between the Proposal and the Draft Law refer to the harmonization of individual provisions of the Law, their complete regulation, as well as the technical improvement of the main text of the Law which will be sent to the procedure of further consideration and adoption in the National Assembly of Republika Srpska.

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