Indictment filed for tax evasion: Budget damaged by 41,841 KM

The Prosecutor of the Department III of the BiH Prosecutor's Office filed an indictment against Igor Radovanović, born in 1985, and Zoran Radovanović, born in 1963, from Sarajevo, citizens of BiH.

The accused Igor Radovanović is charged with, while acting as director and authorized representative in domestic and foreign trade of the company “CWS AQUALIS“ d.o.o. Sarajevo, enabling the accused Zoran Radovanović to conduct activities on behalf of the company for which he was not authorized, and who, contrary to the valid legal provisions on value added tax, did not record taxable turnover in accounting records, nor kept records of tax returns, calculated, reported, or paid value added tax, thereby reducing the company's tax liabilities from 01.01.2014 to 31.12.2015 by a total sum of 41,841.00 KM, for which the BiH budget was damaged.

The accused are charged with evading payments prescribed by the tax legislation of BiH by not providing the required data about their acquired taxable income, and the amount of tax evaded exceeds 10,000.00 KM, thereby committing the criminal offense of tax evasion or fraud under Article 210, Paragraph 1, in conjunction with Article 29 of the Criminal Code of BiH.

The indictment has been forwarded to the BiH Court for confirmation.