- The House of Peoples of the Parliamentary Assembly of Bosnia and Herzegovina has unanimously adopted a law to increase the threshold for mandatory VAT registration from 50,000 to 100,000 BAM.
- The increase is seen as necessary due to inflationary trends and price increases in goods and services.
- The Finance and Budget Committee of the House of Peoples supported the proposal without amendments.
- The Minister of Finance and Treasury expects the amendments to provide relief to over 6,200 taxpayers.
- There was a discussion about possibly moving the VAT payment date to the 20th of the month, but this was not included in the final bill.
- Some delegates expressed regret that the original proposal did not include a change in the VAT report due date.
- Overall, there is a positive mood among the delegates to adopt the law, as it is seen as necessary for the citizens and businessmen of Bosnia and Herzegovina.
Source: sarajevotimes.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
