We support the discussion on parafiscal charges in BiH

Foundation 787 attended conference of experts on the topic “Map of parafiscal charges – proposals and recommendations for its reduction or elimination” organized by the Association Link in cooperation with the BiH Foreign Trade Chamber and Association Our perspective, on December 2, 2015, at the premises of the Foreign Trade Chamber of Bosnia and Herzegovina.

In their speeches, organizers of the event pointed out that the private sector in Bosnia and Herzegovina is facing various problems such as lack of control of expenditure of funds collected from parafiscal charges, non-transparent implementation of laws, complicated procedures for registration of business and in the end of the lack of political will to implement structural reforms.

It was emphasized at the meeting that no country in the region has that much tax burdens as Bosnia and Herzegovina and that all participants should be part of the changes which will make the country suitable for running of sustainable businesses.  Representatives of the Foundation 787 had the opportunity to point out how these burdens affect the efforts of women and young people to deal with entrepreneurship and what challenges they face in this regard.

At the event platform www.poslovnookruzenje.ba was also presented. This platform enables any individual to report obstacles which they face within the development of a business environment, which is assessed as extremely unfavourable in BiH. It was stated that reforms are necessary in almost all segments, from registration and starting a business through complex regulations, administrative procedures and fiscal and parafiscal burdens, to the process of bankruptcy and liquidation.

“Map of parafiscal charges” presented at the BiH Foreign Trade Chamber provides a framework for discussion which should lead to changes – reduction and / or elimination of the burdens, defining charges through five sections. The meeting was held as a part of the project “Better business environment leading to more work places”, implemented by the Independent Bureau for Development – (NBR) Gradačac and Association for Entrepreneurship and Business LINK Mostar.