At Data Tech International (DTI), we take immense pride in the pivotal role we are playing in the new fiscalization of Republika Srpska. With the successful implementation of our TaxCore® system, we have provided a fresh outlook of transparency, efficiency, and technological innovation to the region’s tax administration.
As the first group of taxpayers transitions to our innovative solution, the benefits are already becoming clear, marking a significant milestone in fiscal modernization.
Why Republika Srpska Needed a Change
Republika Srpska has long been an advocate for fiscalization, having introduced its first system in 2009. While this initial setup served the entity for over a decade, the technology had reached its limits. The old model, based on fiscal memory embedded in cash registers and printers, had become outdated and inefficient in managing the growing complexities of the modern economy.
When the decision was made to upgrade, the Republika Srpska tax administration conducted a thorough search for the most suitable solution. After evaluating global options, they chose our TaxCore® platform— a system already proven to be highly effective in neighbouring Serbia. This decision was a testament to our solution’s ability to handle large-scale fiscalization processes and its potential to address the specific needs of Republika Srpska.
In this case, our team at DTI worked closely with the Republika Srpska Tax Authority to ensure that this transition was not only smooth but also provided tangible benefits to businesses and government alike. The rollout of the new fiscalization system is proceeding on schedule, with more taxpayers set to join in the coming months.
The Advantages of TaxCore®
TaxCore® offers a suite of features that fundamentally improve the fiscalization process. From the outset, one of the key improvements is the automation of taxpayer enrollment. By integrating with SAP’s Treasury and Risk Management (TRM), our system seamlessly feeds from the source of the taxpayer registry, ensuring master data remains intact. Positive side-effect of this process is data cleansing, which is intensified because all taxpayers must update/register every sales point they use to conduct their business. This is all done electronically and makes compliance straightforward for businesses, reducing the administrative burden and allowing them to focus on their core operations.
Another crucial feature of TaxCore® is its ability to maintain a secure electronic journal for everyone. TaxCore® stores all transactions in the tax authority’s database and made verifiable to anyone, including public, for up to ten years, providing a reliable and easily accessible record. This contributes significantly to reducing fraud and increasing compliance, as all transactions are unique and can be verified at any time.
Additionally, TaxCore’s powerful validation system ensures the validation of every transaction in real-time, giving businesses confidence in the recording of their fiscal data, even in case some sales point end up offline. The system also offers comprehensive built-in reporting tools and data export for external BI/AI tools to use, enabling tax inspectors to perform field inspections more efficiently. These reports are equally beneficial for businesses, providing them with clear insights into their fiscal obligations.
Fiscal lottery, a feature not to be missed
One of the most innovative features we’ve integrated into the system is a public participation element—a fiscal lottery. By allowing the public to win prizes for participating, we have effectively created an incentive for citizens to demand fiscal receipts, thereby supporting greater accountability and transparency. This initiative not only benefits the government by promoting compliance but also engages the public in a meaningful way, making them active participants in the fiscalization process.
Vendor Independence and Flexibility: A Key to Success
At DTI, we believe in providing flexible, vendor-independent solutions. This philosophy is reflected in the way we’ve structured TaxCore®, allowing local POS and E-SDC developers to accredit their solutions in our Sandbox environment. In Republika Srpska, 13 developers have already successfully completed the accreditation process, with more expected to follow. This open approach gives businesses the freedom to choose the most suitable fiscal solutions, while still complying with the jurisdiction’s regulations.
One of the standout benefits of our system is its ease of implementation. The Republika Srpska Revenue Authority did not need to hire any additional employees to manage the system. Instead, existing staff were able to seamlessly transition to using TaxCore®, taking on new roles and responsibilities with minimal disruption. This not only reduces administrative costs but also boosts the overall efficiency of the tax authority.
The cost-saving potential for businesses is another important advantage. The new system eliminates several expenses associated with the previous model, such as the need to print control receipts and conduct costly annual maintenance of fiscal devices. By reducing these operational costs, TaxCore® enables businesses to operate more efficiently and with fewer financial burdens.
Our Commitment to Republika Srpska’s Growth
From the beginning, our goal at DTI has been to provide Republika Srpska with a system that meets both current and future needs. We are proud to see that the Revenue Authority has embraced the potential of TaxCore® and is taking proactive steps to support businesses during this transition. By offering subsidies for the initial costs of fiscalization and providing clear, consistent communication to taxpayers, the Tax Authority has demonstrated its commitment to ensuring the success of this initiative.
We’ve also been impressed by the Tax Authority’s dedication to educating taxpayers about the new system. Their public awareness campaigns, which include detailed media announcements and instructional content, have helped businesses and citizens alike understand the benefits of fiscalization and the steps required for compliance. This has contributed to the smooth rollout of TaxCore®, minimizing resistance and enabling broad participation.
TaxCore® is a product name of Data Tech International. It provides the back-end functionality for numerous government monitoring systems. For example, in Fiji the VAT Monitoring System (VMS) is powered by TaxCore®, as is the Tax Invoice Monitoring System (TIMS) in Samoa, la facture normalisée (FNE) in Ivory Coast (pilot), and the System for Fiscalization Management (SUF) in Serbia and Republika Srpska.
