Prosecutor of the Department III within the Prosecutor's Office of BiH has issued an Indictment against Ivan Šimić, born on 24 August 1960 in Slavonski Brod Municipality, Republic of Croatia, resident of Grude, citizen of Bosnia and Herzegovina and Republic of Croatia.

As an owner and responsible person of the Pincom d.o.o. /Limited Liability Company/ Mostar legal entity with its seat in Mostar, Šimić is charged with acting in violation of the legal provisions during the period from 01 January 2008 to 10 December 2009 as he failed to pay the value added tax (VAT) reported in his monthly VAT returns for the period in question.

According to the allegations in the Indictment, the accused had sufficient funds deposited on his bank accounts opened with three different commercial banks in Mostar, as well as funds in the aforementioned legal entity to pay for the reported VAT tax amount; instead, contrary to Article 44 of the Law on Indirect Taxation Procedure (“Official Gazette of BiH”, No. 89/05), he was paying that amount to his suppliers for goods and services provided, he was repaying loans, spending it on salaries, representation, per diems, he was also lending money and doing other payments.

The accused Ivan Šimić is thus charged with evading to pay tax obligations required in accordance with the tax legislation of BiH in the total amount of KM 388,351.00, and consequently causing damage to the BiH budget for the indicated amount.