29 July 2020
On 22 July 2020, the National Assembly of the Republic of Srpska reportedly approved a new Tax Procedures Law that includes several changes. One of the main changes is the introduction of new provisions for indirect determination of the tax base for assessment in cases where:
In such cases, the tax authority may, at its own discretion, determine the method or methods to be used in estimating the tax base and making an assessment, with the burden of proof falling on the tax authority. General methods are provided in the law, with detailed rules to be issued by the Ministry of Finance within 90 days.
Other important changes include an extension of the statute of limitations for tax assessment from 3 years to 5 years and an extension for tax collection from 6 years to 10 years. New rules are also provided for amended returns, including that a taxpayer may amend a previously submitted return within one year from the initial deadline for filing the return. However, if tax control procedures are initiated before the one-year limit, return amendments must generally be made before the tax control procedures begin.
Additional details of the changes will be published once available.
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