Bosnia and Herzegovina

FBiH tax administration

FBiH taxable period

The taxable period is considered to be the calendar month.

FBiH tax returns

An FBiH taxpayer is obligated to file correctly and accurately a completed tax return (declaration) with the tax balance to the authorised branch office of the tax administration by 31 March of the following year.

The deadline for submission of annual calculation of business results is 28 February of the following year.

FBiH payment of tax

A taxpayer shall pay FBiH CIT pursuant to the final tax declaration. CIT prepayments are determined based on the tax return from the prior year and have to be paid monthly (by the last day of the month) for the previous month.

FBiH tax audit process

The tax system is generally based on self-assessment; however, many large and mid-size businesses are under continuous audit by the tax authority and the indirect tax authorities. The audits may include the entire list of taxes for which the business is liable. Smaller businesses with lower incomes are generally subject to audit on a random basis.

FBiH statute of limitations

The statute of limitations is five years.

FBiH topics of focus for tax authorities

The tax authorities focus increasingly on transactions with related parties with respect to transfer pricing and deductibility of expenses in general.

RS tax administration

RS taxable period

The taxable period is considered to be the calendar month.

RS tax returns

The RS tax declaration for a tax year shall be filed no later than 90 days upon the end of the tax year, and in case of a calendar year, no later than 31 March of the current year for the previous year.

RS payment of tax

A taxpayer shall pay RS CIT pursuant to the final tax declaration. CIT prepayments are determined based on the tax return from the prior year and have to be paid monthly (by the tenth day of the month) for the previous month.

RS tax audit process

The tax system is generally based on self-assessment; however, many large and mid-size businesses are under continuous audit by the tax authority and the indirect tax authorities. The audits may include the entire list of taxes for which the business is liable. Smaller businesses with lower incomes are generally subject to audit on a random basis.

RS statute of limitations

The statute of limitations is five years.

RS topics of focus for tax authorities

The tax authorities focus increasingly on transactions with related parties with respect to transfer pricing and deductibility of expenses in general.

BD tax administration

BD taxable period

The taxable period is considered to be the calendar month.

BD tax returns

The BD tax declaration for a tax year shall be filed no later than 90 days upon the end of the tax year, and in case of a calendar year, no later than 31 March of the current year for the previous year.

BD payment of tax

A taxpayer shall pay BD CIT pursuant to the final tax declaration. CIT prepayments are determined based on the tax return from the prior year and have to be paid monthly (by the tenth day of the month) for the previous month.

BD tax audit process

The tax system is generally based on self-assessment; however, many large and mid-size businesses are under continuous audit by the tax authority and the indirect tax authorities. The audits may include the entire list of taxes for which the business is liable. Smaller businesses with lower incomes are generally subject to audit on a random basis.

BD statute of limitations

The statute of limitations is five years.

BD topics of focus for tax authorities

The tax authorities focus increasingly on transactions with related parties with respect to transfer pricing and deductibility of expenses in general.

Additionally, the BD authority scrutinises allocation of expenses for bank branches operating in the district, often decreasing or not allowing the allocated expenses of the headquarters.