Recently, the Federation of Bosnia and Herzegovina unveiled a draft law that would require e-invoicing and real-time sales data reporting.
With only a few exceptions, the Draft law's scope covers a wide range of transactions, including property transfers, sales of products and services, and many other specific activities.
Federation of BiH is implementing mandatory e-invoicing and real-time reporting in the near future
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Federation of Bosnia and Herzegovina
Author: Tara Nedeljković
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Fiscal subject related
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Content accuracy validation date:
28.01.2025
Content accuracy validation time:
08:02h
The Federation of Bosnia and Herzegovina has recently introduced a Draft law aimed at introducing mandatory e-invoicing and real-time reporting of sales data. The scope of the Draft law includes various transactions such as the sale of goods and services, property transfers, and many other specified activities with just a few exemptions.
An e-invoice, as defined by the Draft law, is an invoice issued in a structured electronic format that allows for automatic and electronic processing, compliant with the European Standard. Taxpayers will be required to use the Central Platform for Fiscalisation (CPF), a centralized system that will completely be managed by the Tax Authorities. This platform is planned to facilitate the issuance of e-invoices, real-time reporting, data exchange, invoice review, etc. This platform is also envisioned as the place where fiscal receipts from new fiscal devices will be reported and monitored.
The mentioned Draft law (Draft Law on Fiscalization of Financial Transactions), holds future requirements for most taxpayers and a wide scope of businesses in FBIH, including B2G, B2B, and B2C transactions. Upon its final promulgation into official law, it will be the primary legal text governing main requirements for all companies having sales transactions in a widened scope.
E.g. for B2C transactions, the Draft law proposes the use of approved Electronic Fiscal Systems (EFS), which include electronic transaction recording tools (ESET) and fiscal devices. These systems are expected to be designed to issue and report fiscal receipt data to the Tax Authorities, ensuring fast and detailed information for compliance with these rules. The EFS can be developed in various forms but all of those will be required to meet particular technical requirements that are yet to be created.
Penalties for non-compliance are outlined in the draft law, emphasizing the importance of adhering to the new e-invoicing and reporting requirements. The implementation timelines and relevant bylaws are unknown so far (the draft itself could have certain details amended also and it is still not transmitted into adopted final law).
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