Neum, May 29 to 31, 2008 – In organization of the consulting agency “Revicon” from Sarajevo, IX. International symposium was organized in Neum on the topic “Competitiveness and European path of Bosnia and Herzegovina”. The conference was opened by Mr. Željko Komšić, member of BiH Presidency, and Mr. Kemal Kozarić, governor of BiH Central Bank who also addressed to the participants. He emphasized impact of financial stability on competitiveness of BiH companies. In the section “Taxes”, lectures were given on impact of direct and indirect taxes and different system arrangements in BiH, neighboring countries and European Union on competitiveness of companies. Revicon experts presented comparative analysis of legal framework for reform of profit and income taxation in the Federation of BiH and Republika Srpska. Ms. Zdravka Barac, tax advisor from Croatia, presented comparative analysis of certain VAT segments in Croatia and BiH. Within the same section, Mr. Dinko Ćorluka, assistant director for taxes in ITA, gave a lecture on economic, fiscal, legal and operational aspects of comprehensive introduction of fiscal cash registers in BiH and Dinka Antić, Msc, head of Macroeconomic Analysis Unit gave a presentation on “Reflections of redesigned EU VAT system on Bosnia and Herzegovina”. She underlined that a competitiveness of companies is one of key goals of the EU strategy until 2020, and EU is redesigning legal framework of VAT system in order to remove all barriers that jeopardize competitiveness and implementation of “four freedoms” in EU. Selection of European path for BiH imposes a need to continually harmonize domestic legal framework for VAT system in BiH with European legal framework and standards.