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10 Dec 23 151 0 0

Implementation of the Law Exempting food Donations from VAT begins

Cool Story - Implementation of the Law Exempting food Donations from VAT begins

The established statute exempting food donations from VAT has begun to take effect thanks to an amendment to the manual on how the VAT statute should be applied.

The passage of this legislation will guarantee that food reaches those who require it most.

One of the law's supporters and member of the PSBiH House of Representatives, Saa Magazinovi, claimed that in addition to the law's unanimous passage today, the Rulebook laying out how it will be applied had also been approved.

"So, about enacting laws, we draw to a close this inspiring tale, which, in addition to its beneficial outcomes, will serve as a reminder that much good is still possible in our nation. with tenacity and the proper strategy. Today, this chapter comes to a close, and a new one starts. The program that will make life simpler for those in need has begun. We will support those who give and those who assist people on the ground, and we will do so in appreciation, added Magazinovi.

On August 21, 2023, the draft Rulebook and all other supporting materials were delivered to the ITA Management Board.

The draft was on the agenda for the Administrative Board of the ITA meeting today, and it was approved.

According to UN figures, more than 400,000 tons of food are thrown away in Bosnia and Herzegovina each year, even though every fifth person in our nation struggles with hunger every day.

A considerable number of people also get daily meals or monthly food assistance packages to survive, in addition to the approximately 18,000 people who are fed in public kitchens every day.

No one is Hungry. No One is Hungry was the initiative that led to the request for the VAT Law modification. No one is alone," a project that the Mozaik Foundation, in collaboration with the Hastor Foundation, the Pomozi.ba Association, the Peace Building Network, the Trag and Catalyst Balkans foundations, and other organizations, carried out with financial assistance from USAID, according to Klix. ba.

 

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