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December 13 2023
Bosnia and Herzegovina double the VAT threshold registration
The Parliamentary Assembly of Bosnia and Herzegovina adopted the Law on Amendments to the Law on Value Added Tax, which increases the taxation threshold from 50 000 BAM (ca. EUR 25 535) to 100 000 BAM (ca. EUR 51 070).
Bosnia and Herzegovina's House of Peoples have passed a law raising the threshold for mandatory VAT registration from 50 000 to 100 000 BAM. This law was proposed by the House of Representatives of the Republic of Srpska BiH to reflect the inflationary trends and price increases of goods and services.
The Official Gazette of 24 October 2023 reported that this law would enter into force on the eighth day after its official publication (2 December 2023).
Likewise, when it comes to the registration of taxpayers, the procedure of registering in the Unified Register of Taxpayers of Indirect Taxes is carried out according to the regulations in force at the time.