The new VAT regime.

The article focuses on the implementation of the new state-level Value Added Tax (VAT) Law in Bosnia and Herzegovina. The law establishes a single, simplified tax collection system, under which taxes will be paid into a single account at state level. With the entry into force of the VAT Law and a new law on turnover tax, the system of collecting taxes at entity level will cease. All taxpayers should submit a VAT tax return for each accounting period by the tenth day of the calendar month following the end of the accounting period, and they must pay the tax for each accounting period by the deadline for filing the return.