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Bosnia Herz

29 July 2020

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National Assembly of the Republic of Srpska Approves New Tax Procedures Law

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:

  • a taxpayer has not filed a tax return;
  • the business records of a taxpayer are not available or not complete or do not enable an accurate determination of the tax base; or
  • there is evidence of assets, liabilities, or expenses that cannot be explained in relation to the income declared by a taxpayer.

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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