VATLive > Blog > VAT > Bosnia raises VAT registration threshold - Avalara

Bosnia raises VAT registration threshold

  • VAT
  • 06 July 2015 | Richard Asquith

Bosnia raises VAT registration threshold

From 1 July 2015, the Value Added Tax registration threshold in Bosnia Herzegovina  was increased to BAM 1.5million. This relates to resident and non-resident companies. The voluntary VAT registered threshold procedure remains in place.

Any company exceeding the turnover threshold in a single calendar year must VAT register by the 20th of the month following the passing of the threshold.

To arrive at the registration threshold, all supplies, including VAT transactions, included nil-rated should be included in the calculation. VAT exempt transactions may be excluded. In addition, closely related companies or direct branches must be included in the revenue.


VP Global Indirect Tax
Richard Asquith
VP Global Indirect Tax Richard Asquith
Richard Asquith is VP Global Indirect Tax at Avalara, helping businesses understand their compliance obligations as they grow globally. He is part of the European leadership team which this year won International Tax Review's Tax Technology Firm of the Year. Richard qualified as an accountant with KPMG in the UK, and went on to work in Hungary, Russia and France with EY.