Attention All Taxpayers: Electronic VAT Returns Now Mandatory for Large Payers of Indirect Taxes
In a recent announcement, the Administration for Indirect Taxation (AIT) has reminded all taxpayers classified as “large payers of indirect taxes” that, as of June 2023, they are required to submit their VAT returns electronically using a qualified electronic certificate. This obligation is in accordance with the Rulebook on Amendments to the Rulebook on the Application of the Value Added Tax Act, published in the “Official glasnik BiH” under number 87/22.
To comply with this new requirement, large taxpayers must first establish an Agreement on the use of the information system for electronic business with the AIT. Additionally, they need to register representatives who possess qualified electronic certificates. These representatives will be responsible for conducting e-business with the AIT on behalf of the taxpayer, signing and submitting electronic documents using their qualified electronic certificates.
However, upon inspection of the Information System of the AIT, it has come to light that a certain number of large taxpayers have failed to take the necessary steps outlined above. These taxpayers have not fulfilled their obligations as per the aforementioned Rulebook.
It is important to note that any taxpayer who fails to comply with these requirements may be subject to a fine for committing a misdemeanor, as outlined in Article 67 of the VAT Law. To avoid such penalties, the AIT strongly urges all large taxpayers to promptly conclude an Agreement on the use of the information system for electronic business with the AIT. Furthermore, they should register a representative who will be responsible for submitting and signing their VAT return on their behalf.
For detailed information regarding electronic business with the AIT, taxpayers can visit the official website at: [insert hyperlink to https://www.uino.gov.ba/portal/bs/e-usluge/elektronsko-poslovanje/]
It is important for large taxpayers to take immediate action to ensure compliance with the new regulations. Failure to do so could result in penalties and other legal consequences. The AIT is committed to assisting taxpayers in navigating this transition and encourages them to reach out with any questions or concerns.
In conclusion, the AIT emphasizes the importance of adhering to the electronic VAT return submission requirements for large payers of indirect taxes. By embracing this change and fulfilling their obligations, taxpayers can contribute to a more efficient and streamlined tax system in Bosnia and Herzegovina.
