You will earn more than 5,000 KM per year, you will receive a fiscal account, and even if you are a natural person, standing in the draft law on fiscalization of the transaction prepared by the Government of the Federation of BiH. This Law would introduce the online fiscalization as part of the wider fiscal reform.
Both houses of the Parliament of the Federation of Bosnia and Herzegovina adopted the Draft Law on Fiscalizing Transactions in the FBiH, which planned several significant newspapers.
It is known who is the Law of Fiscalization Bond, and who is released, and the portal Akta He analyzed which thorough changes brings the law, especially for those who record the least economic activity.
Namely, this Law prescribes the obligation to issue fiscal accounts for all entities in the field of FBiH – including not only companies and craftsmen, but also natural persons who are not registered entrepreneurs greater than 5,000 KM.
This practically means that many citizens who occasionally perform certain transactions (e.g., apartments for rent or sales their own property) became the bonds of fiscalization if such revenues transgress the progress of 5,000 KM per year.
Large changes to individuals
The new rule for natural persons is especially important. According to the draft, any natural person who performs any activity (selling products, goods or services) without the obligation of the company’s registration will need to issue fiscal accounts if its total revenue of these transactions in the previous year is more than 5,000 KM.
This includes a wide range of citizens, from the renters of real estate, through occasional traders (eg used vehicles), to independent craftsmen or fees that have not formally registered a business.
The 5,000 km threshold is relatively low – experts warn that the amount is easily achieved, and proposes to consider higher thresholds (e.g. 12,000 KM per year) that small service providers would not be overburdened by fiscal obligations.
The factor sent an inquiry to the Federal Ministry of Finance that did not give a concrete for the questions in the Federation in the Federation of BiH to have a fiscal account if they will have a fiscal casserate and pay taxes if they earn 5,000 per year.
The Ministry responded to the factor that the general intention of the draft law on fiscalization of transactions in the FBiH is to influence the reduction of the gray economy, ie the work scheduled, through traffic recording.
– Please note that there was an incorrect interpretation of the legal norm in the public because only one article of the draft law is observed, but not other provisions. The public hearing for the draft law on fiscalization of transactions in the FBiH lasts by 8.5.2025. And after considering the arrangements and proposals of stakeholders on the draft law, the draft law will be drafted – the factor from the Ministry said.
However, according to the current proposal, each person exceeding 5,000 KM revenues from these informal activities would have to be in the fiscal system.
The Akta portal analyzed what economic and administrative consequences, it would have been for small service providers, and which new liabilities (digital signatures, devices, software) adopt this law.
Consequences for natural persons and small service providers
The introduction of fiscalization obligation for pre-formal or small activities inevitably carries additional costs and administrative procedures for these subjects. Some of the examples and potential consequences are:
Rentors of apartments or rooms: a person who rents a private apartment now would have to issue a fiscal account for every payment of rent. This means the procurement of the fiscal system and recording each monthly lease through the Tax Administration System. For many “small landlords” that is renting one property (whose annual income exceeds 5,000 KM) This is a significant change – to lead business records such as a company and bear the costs of fiscalization equipment. Possible consequences are that some will increase rental prices to cover new costs or facing penalties if they do not meet the obligation.
Occasional sellers of personal property (cars, equipment, etc.): Citizens who occasionally sell their own things (eg used vehicle, more valuable equipment) and achieve higher income from the defined threshold formally would also be considered “fiscalization bonds”. In practice, it would mean that even one-time sales that exceed 5,000 KM require the issuance of a fiscal account. Such sellers would have to previously obtain a fiscal device or access to the appropriate software to generate an account at all, which can be unprofitable if it is rare sales. The administrative load for disposable sales is becoming significant – potentially disturbing citizens to legally report such transactions.
Small craftsmen and craftsmen: For registered craftsmen (independent entrepreneurs) Fiscalization is not a new obligation – most of them and now issues accounts if they are in the VAT system. However, the new law is abolished by some exemptions and tightens obligations and for the least. Traditional crafts (old and artistic crafts, e.g. Kujundzije, Abadžije, Corpora, etc.) were particularly affected by the fiscalization during sales in market or fairs .- Now they had to have a fiscal cash register or application.
Representatives of craftsmen warn that the imposition of this obligation to many would be executed: the old crafts are “Low profitable, and if you introduce the fiscal cash register,” says Mirza Batalović, an appointment in the FBiH Parliament, explaining the request to exclude such crafts.
In a broader sense, economic consequences for small subjects will be reflected in the increase in their operating costs (procurement of equipment, digital certificate, possible maintenance fees) and in need of adhering to strict issuing accounts. Some could decide to formalize their work (register activity) to make it easier to meet the conditions, while others can try to avoid crossing the threshold of 5,000 KM in order to fail to fall under the obligation of fiscalization.
Administrative, natural persons who have so far did not have contact with the tax system in this way, in this way, would have to learn the fiscalization procedure, take care of each collection and keep copies or electronic accounts. Failure to carry out new regulations carries the risk of significant penalties – monetary sanctions are made of minimum 100 km and up to 30,000 KM for harder offenses. More precisely for customers, a fine of 100 KM is provided, and for the obligations of fiscalization – natural persons of 5,000 KM.
This is an additional reason for taking care of small service providers, which have never known what the fiscal account has never known so far, and now they face potentially high penalties if they do something wrong.
Betting exempt from fiscalization
The proposed changes in fiscalization caused live reactions to the professional public, Chambers of Chambers and Associations.
In particular, the illogical emphasizes that the bill in the valid version includes those smallest artisans, while at the same time, the bettines are excluded under certain conditions.
Namely, the Draft Law stipulates that the activity of games of happiness (betting) is exempt from fiscalization if the system of these organizers is directly connected online with the tax administration.
