Economic Reforms Not Optional

The Institute for Youth Development KULT issued the third edition of the newsletter of the Network for creating a better business environment in BiH, titled “Economic Reforms Are Not Optional”.

The Newsletter presents the Initiative to amend the Law on VAT and an analysis of budget incentives for the economy in BiH in 2015, with proposed measures for improving the award process.

It also offers an overview of the Business Forums held across BiH, and the answers to the question of whether the Governing Committee of the ITA (Indirect Taxation Authority) has an analysis of effects that the introduction of the VAT cash accounting scheme would have on the budget. 

The Newsletter is part of the initiative “BH Business Site” implemented by the Institute for Youth Development KULT and intended to contribute to solving systemic problems in the employment sector. It involves a wide array of stakeholders from the business, public and civil sector and the media, acting as a whole in an active, functional network with regional representation – the Network for improving the business environment in BiH. This Network’s intention is to use reasonable and evidence-based advocacy efforts to shape legislation in a way that fosters a better business environment by improving the quality and funding of SME support programs, improving the allocation process for various budget incentives to boost the economy, introducing tax breaks and incentivizing employees to hire new staff by funding salary contributions.

The Network is open to all interested parties who believe they can contribute to creating a better business environment and jobs in BiH.

Download the Newsletter (in Bosnian): here


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