UIO B&H: Automatic Exchange of Data Next Year

Complete and automatic data exchange between the Indirect Taxation Authority of B&H (UIO) and entity tax administrations will start on 1 January of next year, announced today Chairman of UIO B&H Nikola Špirić.

This activity aims at increasing revenue collection, as well as maximum control of returns and prevention of tax refund fraud.

A Memorandum was signed in June between the entity tax administrations and UIO on the exchange of data, and joint committee for its implementation has already been formed.

(Source: Fena)