TAX ADMINISTRATION FEDERATION BIH: WRITING OFF OF DEBT ON BASIS OF LATE INTEREST

SARAJEVO, NOVEMBER 30 (ONASA) – The Tax Administration of the Federation of Bosnia and Herzegovina calls on taxpayers to, in accordance with the Law on Amendments to the Law on the Rate of Default Interest on Public Revenues, which is in force from October 21, 2023. take advantage of the possibility of writing off late payment interest on the basis of due, reported and unpaid public revenues with the balance as of December 31,2019.
According to the Law on Amendments to the Law on the Rate of Default Interest on Public Revenues interest, which arose on the basis of due, reported, and unpaid public revenues with the balance as of December 31, 2019. year, is written off in the amount prescribed by law, under the conditions that the taxpayer settles his obligations based on the main debt and the costs of the enforcement procedure at the latest on the day of expiry of the period of 12 months from the date of entry into force of this law.
In order to exercise the right to write off the debt based on default interest, taxpayers are required to pay the main debt based on public revenues and submit a Request for writing off interest on public revenues to the competent tax office according to the headquarters or address of the taxpayer – Form ZAOK.
Pursuant to the Law on Amendments to the Law on the Rate of Default Interest on Public Revenues, the FBiH Tax Administration calls on taxpayers to pay by December 31, 2023 of paying the principal debt and thus exercising the right to write off late interest and start the New Year 2024 without tax obligations.
Along with the mentioned request, it is necessary to attach evidence of the payments of the debt principal, and if the forced collection procedure has been initiated, also proof of the payment of the costs of the forced collection procedure. Taxpayers can download the ZAOK form on the website of the Tax Administration of the Federation of BiH: www.pufbih.ba in the “Forms” section.
For all information regarding the benefits prescribed by the Law on Amendments to the Law on the Rate of Default Interest on Public Revenues, taxpayers can contact the phone numbers of the competent cantonal tax offices and tax offices, which can be found on the website of the Tax Administration of the Federation of BiH: www. pufbih.ba in the “Contacts” section, announced the Tax Administration of the Federation of Bosnia and Herzegovina.