Results of the EU-funded project aimed at improving capacities of the Indirect Taxation Authority (ITA) of Bosnia and Herzegovina have been presented in Banja Luka.
This project represents continuation of the EU assistance to the ITA BiH in further alignment with the EU acquis and effective implementation of legislation and practices in the field of indirect taxation in the country.
The value of the project was one million euro, and it was implemented by the Agency for European Integration and Economic Development (AEI) with the Austrian Ministry of Finance.
The project was aimed at helping the authorities in Bosnia and Herzegovina to implement the Law on Value Added Tax (VAT), the Law on Excise Duties and the Customs Policy Law, as well as at providing the authorities with various instructions and methodologies in the areas of prohibitions and restrictions, including intellectual property rights, internal audits, risk analysis and post clearance audits.
Practical instructions and guidelines for customs officers, tax auditors and business entities will facilitate the application of customs and excise legislation. Also, through workshops about strategic planning and business standards, as well as through communication and cooperation, the project enabled a better understanding of the EU methodologies and better alignment with international standards.
Head of the EU Delegation and EU Special Representative in Bosnia and Herzegovina Lars-Gunnar Wigemark emphasized that this process had to be transparent and that citizens should have had access to information on how and why the taxes were collected.
“This project does not only ensure the alignment of legislation in Bosnia and Herzegovina with the acquis but it allows for better legislation and policies that will bring tangible improvements in the lives of citizens”, said Wigemark.
The EUSR noted that the ITA BiH was a successful example of a state-level institution that provides services to all. “Taxes are never popular, and therefore it is important to have a transparent system”, said Wigemark.
The EU continues to support the Bosnia and Herzegovina’s alignment with the EU standards and practices. Therefore, a new project worth €1.7 million has been launched recently to assist the country in setting up the New Computerized Transit System (NCTS).