Government of FBiH discussed the initiative on the introduction of bet shops in the VAT system and the amendments to the Law on games of chance, which are submitted by delegates in the House of Representatives of the Parliament of FBiH Amir Zukic and Omer Skaljic.
In response of the Government was stated that according to the Law, for all the gains realized by participating in games of chance whose individual value is greater than 100 BAM, prescribed obligation is to pay income tax at the rate of 10 %. Regarding the location of new bet shops, the Ministry of Finance of FBiH adopted the Regulation on the physical, technical and other conditions for gambling.
When it comes to the income that bet shops in the FBiH earned, the Government in its response stated that the organizers of betting games of chance, based on the payment of players, achieved total turnover of 597,950,036.14 BAM last year, while on the basis of payment of mandatory public revenues that is stipulated by special laws and other regulations, they paid a total of 19,203,229 BAM.
Based on charges for organizing games of chance, on prescribed public revenue accounts of the Budget FBiH was paid a total of 10,354,483.70 BAM, of which 8,895,430.10 BAM or 85.9 % was paid in the period from the 1st of August 2015, i.e. from the beginning of implementation of the new law.
Regarding the proposal of deputies to direct part of the funds collected from gambling on purposeful funding of certain areas, the Government emphasized that during 2016 it will be allocated on funding of programs and projects from Article 7, Paragraph 3 of the Law, a total of 5,538,418, 66 BAM, that are collected on special transaction accounts for the collection of revenue from fees for organizing games of chance.
Moreover, for preparation of response regarding the introduction of bet shops in the VAT system, the Ministry of Finance of FBiH in the acts from the 16th of February 2016 and the 30th of March 2016 addressed to the Indirect Taxation Authority, as the body responsible for giving opinions in the area of indirect taxation, but no reply was received until today.
(Source: akta.ba)
