Prosecutor's Office of Bosnia and Herzegovina filed an indictment against Milorad Govedarica for tax evasion or fraud

SARAJEVO, (Patria) - The prosecutor of the Special Department for Organized Crime, Economic Crime and Corruption filed an indictment against Milorad Govedarica (born 1955) in Ljubuški, residing in Pale, a citizen of Bosnia and Herzegovina, who is charged with committing tax evasion in the period from 2010 to 2015, thereby damaging the budget of Bosnia and Herzegovina.

The accused is charged with, in the period from 2010 to 2015, as the Chairman of the Board of Directors of the company "Fabrika za proizvodnju žice" a.d. Novo Goražde, together with other persons, acting contrary to the provisions of tax legislation and regulations governing the reporting and collection of VAT, the Prosecutor's Office of Bosnia and Herzegovina announced.

The indictment states that through the aforementioned company, a large quantity of produced wire, worth about one million KM, as well as a by-product (waste from production), contrary to legal provisions, instead of planned export, was placed on the market in Bosnia and Herzegovina, and without issuing a tax invoice and recording the tax liability, avoided paying VAT in the amount of 178,704.83 KM, as well as based on the established shortage of goods in the taxpayer's warehouse, VAT in the amount of 113,146.13 KM.

The indictment states that in this way, the payment of VAT in the amount of 291,850.96 KM was avoided, for which the budget of Bosnia and Herzegovina was damaged.

The accused is charged with committing the criminal offense of tax evasion or fraud under Article 210, paragraph 4 in conjunction with paragraph 1 of the Criminal Code of Bosnia and Herzegovina.

The indictment has been forwarded for confirmation to the Court of Bosnia and Herzegovina.