BH's Republic Of Srpska Issues Rulebook On Tax Adviser License

Almost 10 years after the adoption of the Law on Tax Consultancy, on 14 February 2018 the Ministry of Finance adopted the Rulebook on Tax Advisers' Licenses (the Rulebook), which then entered into force on 22 February 2018.

The Rulebook prescribes conditions and procedures for obtaining a tax adviser's license and for registration of tax agencies. As a result, tax consulting may be provided by individuals or legal entities. Individuals may acquire a license once they pass a tax program and exam as prescribed by the Rulebook.

The exam for a tax advisor can be taken by a candidate who meets the following requirements:

University degree in the field of Economics or Law At least five years of experience in the field of tax The candidate must pass the examination in the following areas:

Administrative and tax procedures The basis of the tax system and tax policy of Bosnia and Herzegovina, Republic of Srpska, Federation of Bosnia and Herzegovina and Brcko District The basis of accounting and auditing Commercial law Public finances and financial law Among other duties, a tax adviser's role includes:

Providing expert assistance...