On 22 July 2020, the National Assembly of the Republic of Srpska reportedly approved a new Tax Procedures Law that includes several changes. One of the main changes is the introduction of new provisions for indirect determination of the tax base for assessment in cases where:
- a taxpayer has not filed a tax return;
- the business records of a taxpayer are not available or not complete or do not enable an accurate determination of the tax base; or
- there is evidence of assets, liabilities, or exp…