Bosnia and Herzegovina has published a draft Law to introduce mandatory B2B, B2G, and B2C e-invoicing and real-time reporting requirements aimed at combating tax fraud. The transactions in scope include the sale of goods and services, transfer of property and other transactions as specified by the Minister of Finance.
The draft law defines an e-invoice as an invoice issued in a structured electronic format that allows for its automatic and electronic processing and is compliant with the European Standard.
In B2B and B2G transactions taxpayers will be required to use a centralized platform called Central Platform for Fiscalisation (CPF). The platform, managed by the Tax Authorities, allows for e-invoice issuance and real-time reporting of e-invoice data. In addition, to invoice issuance, the platform also facilitates data exchange, review of invoices from the customer’s side and invoice payment.
For B2C transactions, the draft law proposes the use of approved electronic fiscal systems (EFS), including electronic transaction recording tools (ESET) and fiscal devices, to issue and report invoice data to TA.
Penalties for non-compliance are outlined in the draft law. Implementation timelines and relevant bylaws are to be provided.
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