The letter of support for changes of the Law on VAT was signed by representatives of the Association of Employers of FBiH that has around 25,000 members with over 100,000 employees.


The Institute for Youth Development KULT started the initiative of signing a letter of support for the process of introducing changes in the Law on Value Added Tax in Bosnia and Herzegovina.


The letter of support is primarily intended for business owners and in only 5 days, it was signed by over 20,000 business owners gathered around chambers of economy and crafts and by associations that focus on aiding the economy.


 â€śIn a very short time period, the initiative was supported by a great number of business owners. The letters of support are delivered daily, and it is very significant that there are more and more individual letters of business owners. It is an indicator of how necessary the changes of Law on VAT are and of the requirement to create a better business environment for the business owners” – stated Ajka Baru?i? from the Institute for Youth Development KULT.


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The Institute for Youth Development KULT advocates for introducing changes in the Law on Value added Tax according to which the taxpayers, who earn an annual profit of up to 1,000,000 BAM, would pay the VAT after collecting their receivables and not by the 10th of the month, as the current Law stipulates.


According to the current legal provisions, the employers are obliged to pay their taxes even if they have not collected their receivables yet. This eventually makes many business subject insolvent and often forces them to terminate their business.


In the following period, the Institute will continue gathering letters of support and advocating for changes in the Law on VAT with governmental representatives.


The letter of support is available on the following link: www.podrzi.poslovniprostorbh.org.


Advocating for the changes in the Law is conducted as a part of the "BH Business Site" initiative, managed by the Institute for Youth Development KULT and which is the part of Civil Society Sustainability Project in Bosnia and Herzegovina (CSSP), realized by the Centers of Civil initiatives (CCI) and the Center for Promoting the Civil Society (CPCD) and supported by the US Agency for International Development (USAID).


 

The first Student Business Incubator was opened at International BURCH University in Sarajevo on April 14, 2016.


The aim of the first StartUp Student Incubator in Bosnia and Herzegovina is to connect the University with the business sector. Thus, all students that start their own business will have free access to area intended for business for one year, which consists of offices, a conference hall, a meeting room, lounge bar, fitness center and other advantages.


Also, all companies will be given free mentorship for the academic staff and access to over 50 member companies of the Burch Business Center.


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As emphasized during the business incubator opening ceremony, this is the first step towards achieving the vision of excellence in entrepreneurship and innovation, and a contribution to the development of the BiH economy and business by creating new workplaces through projects that will be realized in this incubator.


"Our vision is to become an entrepreneurial University. The first step was to introduce entrepreneurship in all faculties. The second step is this one – opening a StartUp Incubator that will provide persons with ideas and ambition to acquire useful advice on manners of developing a company through working with our mentors and all members of the academic staff,” emphasized Nedim ?elebi?, the Director of the Burch Business Center.


Opening a business incubator as a part of an university is a significant step forward in the BiH educational system, considering that it provides an entrepreneurial focus for the students from their first semesters of study, which bring the BiH society closer to the idea of “entrepreneurial society”.


The Burch StartUp Incubator opening ceremony was attended by a representative of the Institute for Youth Development KULT.


prisustvovala je i predstavnica Instituta za razvoj mladih KULT.


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The research on budget incentives that the governmental institutions allocated for economic development in 2013 and 2014 in form of irreversible (grants) and reversible (credit) funds was completed. The research was realized as a part of the “BH Business Site” project managed by the Institute for Youth Development KULT, and it resulted in recommendations that should improve the process of awarding budget incentives to economy.


The publication with the detailed analysis addressed to governmental representatives for the purpose of improving the business environment is currently being developed. 


LOGO Poslovni prostor BH web


The Institute for Youth Development KULT will continue gathering data on realization of budget incentives in 2015.


The “BH Business Site”, under which the research was conducted, aims to influence the decision makers and implementers in BiH and the whole social community in order to draw greater attention to economic development and the development of business environment in BiH.


 

In order to intensify the process of changing the Law on VAT, the Institute for Youth Development KULT started the initiative of signing a letter of support for the process of introducing changes in the Law on Value Added Tax in Bosnia and Herzegovina.


The letter of support is primarily intended for business owners and in only 5 days, it was signed by over 20,000 business owners gathered around chambers of economy and crafts and by associations that focus on aiding the economy.


The Institute for Youth Development KULT advocates for introducing changes in the Law on Value added Tax according to which the taxpayers would pay the VAT after collecting their receivables and not by the 10th of the month, as the current Law stipulates.


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Current legal provisions are creating a business environment in which small and medium businesses are often obliged to terminate their business, so that introducing changes is necessary.


In the following period, the Institute will continue gathering letters of support and advocating for changes in the Law on VAT with governmental representatives.


The letter of support is available on the following link: www.podrzi.poslovniprostorbh.org.


The Institute for Youth Development KULT, in the last 15 years of its work, has been successfully working on development and implementation of legal solutions that contribute to improvement of the social position of youth and citizens in general. Considering that the economic issues are the source of most youth problems, the Institute vehemently advocates for the activities and initiatives related to creating a better business environment in BiH, not just for youth, but for all business owners.


Advocating for the changes in the Law is conducted as a part of the "BH Business Site" initiative, managed by the Institute for Youth Development KULT and which is the part of Civil Society Sustainability Project in Bosnia and Herzegovina (CSSP), realized by the Centers of Civil initiatives (CCI) and the Center for Promoting the Civil Society (CPCD) and supported by the US Agency for International Development (USAID).


 

After acquiring a diploma at the institutions of higher education, youth do not possess enough practical knowledge that they could relate with their theoretical knowledge - was the conclusion of the Round Table entitled “Communication between the Labor Market and the Market of Higher Education – Role of the Media” held in Sarajevo on March 31, 2016. 


As emphasized during the discussion, during the emplyoment process employers mostly search for persons with work experience, which is an aggravating circumstance for youth who lack practical classes during their studies. One of the main topics was establishing the connections between educational institutions and employers, in order for youth to be prepared for the labor market after completing their studies. 


According to the opinion of the Round Table participants, a great disadvantage is also the inadequate system of enrollment quotas, so year after year the BiH society is faced with the problem of surplus in certain occupations. 


“The study programs have to be coordinated with the labor market. We cannot allow ourselves to educate youth for foreign labor markets, because that concept cannot be the perspective of the BiH market. We need educated and trained youth who will build this society and make it better” – stated Belma Gijo from the Institute for Youth Development KULT, one of the participants of the Round Table. 


okrugli sto belma1


The Round Table was organized by the Akademac Association that aims to improve higher education and gathers around 60 influential individuals from the spheres of higher education, business and political and social life. 


The Akademac Association will in the following period advocate for establishing a special body in every faculty that will focus on connecting the employers with the faculties so as to work more intensively on introducing practice into education.


 

The Institute for Youth Development KULT continues the process of advocating for changes in the Law on VAT.


In order to intensify the process of introducing changes in the Law on VAT, an initiative of signing the letter of support to the process of introducing changes in the Law on Value Added Tax in Bosnia and Herzegovina was presented.


The letter of support is primarily intended for business owners that would achieve positive business results by introducing the alleviation to pay the VAT after collecting their receivables, but it is also intended for organizations that focus on aiding the economy and that are expected to support the initiative.


In order to describe the burden of the current condition and disadvantages of the business environment, the Institute for Youth Development KULT made the following video: 



 


By signing the support letter, business owners and organizations that operate in the area of economy have the opportunity to support the initiative that is being advocated by the Institute for Youth Development KULT, and thus directly influence the development of a positive business environment.


The letter of support is also available on the following link: www.podrzi.poslovniprostorbh.org


According to the current Law, all taxpayers are obliged to pay the VAT by the 10th of the month, which is a particularly aggravating circumstance for small and medium businesses that are often forced to terminate their activities due to such regulations.


In the beginning of March, the Institute organized the Round Table on topic “Amendments and Supplements of the Law on VAT – Introducing the system of taxation according to collected receivables” in order to emphasize this problem, during which experts expressed their opinions, and the Institute continues advocating the changes through intensive discussions with governmental representatives.


The Institute for Youth Development KULT, in the last 15 years of its work, has been successfully working on development and implementation of legal solutions that contribute to improvement of the social position of youth and citizens in general. Considering that the economic issues are the source of most youth problems, the Institute vehemently advocates for the activities and initiatives related to creating a better business environment in BiH, not just for youth, but for all business owners.


Advocating for the changes in the Law is conducted as a part of the "BH Business Site" initiative, managed by the Institute for Youth Development KULT and which is the part of Civil Society Sustainability Project in Bosnia and Herzegovina (CSSP), realized by the Centers of Civil initiatives (CCI) and the Center for Promoting the Civil Society (CPCD) and supported by the US Agency for International Development (USAID). 


 


 

Representatives of the Institute for Youth Development KULT held a meeting with Mr. Amir Zuki?, the Minister of Development, Entrepreneurship and Crafts at the FBiH Government and with Mr. Zdravko ?erovi?, the Deputy Minister.


The topic of the meeting was to improve the project criteria for youth, women and newly founded businesses under the Public Call for Selecting Grantees for Awarding Current Funds of the Federal Ministry of Development, Entrepreneurship and Crafts that the Ministry has been issuing regularly on an annual basis and allocating significant funds to aid and support the economy. 


sastanak FMOO


The Public Call for 2016 is expected to be issued soon and the Institute for Youth Development KULT will provide the Ministry with technical, advisory and coordination support in the process of informing youth, women and entrepreneurs with newly formed businesses primarily on the procedures of applying for the Call.


Representatives of the Institute introduced the Minister with the initiative to change the Law on Value Added Tax in BiH. As they emphasized, the advocacy for changes in the Law is performed as a part of the all-inclusive “BH Business Site” initiative directed towards improving the business environment for youth and all the other entrepreneurs and owners of small and medium firms.


The topic of the conversation was also the deadline for implementing the Provision on Employment and Self-Employment Incentives of the Government of FBiH, in which the Ministry was included as a relevant actor. The Institute for Youth Development KULT vehemently supported this provision, in order to make it as valuable for youth and entrepreneurs as possible.


The Institute for Youth Development KULT also opened the dialogue on the issues of creating and enacting the Law on Employment Incentives in FBiH that would create long-term preconditions for increasing youth employment.


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