The Federal Ministry of Finance has implemented changes to the regulations governing advance tax rulings within the Federation of Bosnia and Herzegovina.
Under the revised regulations, a standard template has been introduced for taxpayers seeking advance tax rulings on taxes, social security contributions, and other public revenues collected by the Federation. These changes were published in Official Gazette No. 67/2024 on 28 August 2024 and came into effect on 29 August 2024.
Previously, the Ministry of Finance of the Federation of Bosnia and Herzegovina (FBiH) had adopted new regulations and procedures for advance tax rulings, effective from 1 June, 2024.
These changes allowed the Federal Tax Administration to issue various types of tax rulings, including advance, general, and specific rulings.
The scope of these rulings covers individual income tax, corporate income tax, property tax, inheritance and gift tax, property transfer tax, social security contributions, taxes on games of chance, and other public revenues.
Additionally, the new regulations allow for the issuance of cross-border tax rulings. These rulings address tax matters related to cross-border business transactions conducted by taxpayers within the Federation of Bosnia and Herzegovina.
This development aims to provide greater clarity and predictability for taxpayers engaging in international trade.
