INDICTMENT ISSUED AGAINST SEAD ZOLOTA (1948)

The Prosecutor’s Office of BiH has issued an Indictment against Sead Zolota, charged with the criminal offense of Tax Evasion or Fraud, as referred to in Article 210 of the Criminal Code of BiH.

A Prosecutor of the Department III of the Prosecutor’s Office of BiH has issued an Indictment against Sead Zolota aka Sejo, born on 25 November 1948 in Travnik, resident of Turbe, citizen of BiH.

The accused Sead Zolota is charged, as a Director and a responsible person in the ‘Metalorad’ company d. d. /joint stock company/ Turbe liable to pay taxes, with failing to register the sales of the equipment in the amount of BAM 337,420.00 in the business books of the legal person of ‘Metalorad’ company d. d. /joint stock company/ Turbe in 2008, and failing to present the thus incurred VAT liability in the amount of BAM 57,361.00 in his VAT tax return form for the month of November 2008, whereas in 2009 he failed to report the delivery of goods (equipment and supplies) at which time the total deficit of BAM 676,225.00 was detected, all that with the aim of evading the payment of sales taxes; in this manner, he evaded to calculate, report and pay VAT in the amount of BAM 114,958.00 for the tax period of September 2009, which is in violation of the current VAT provisions. 

According to the allegations in the Indictment, Sead Zolota submitted to the Indirect Taxation Authority of Bosnia and Herzegovina tax return forms of false content, whereby he reduced his tax liability and evaded payment of taxes on sales and services in the amount of BAM 172,319.00, and thus the BiH budget was damaged  in the same amount.

The accused Sead Zolota is charged with evading the payment of duties required under the tax legislation of Bosnia and Herzegovina by submitting false information on his acquired taxable income and the amount evaded exceeds BAM 50,000.00, whereby he committed the criminal offense of Tax Evasion or Fraud, as referred to in Article 210, Paragraph 2, as read with Article 54 of the Criminal Code of BiH.

The Indictment has been forwarded to the Court of BiH for confirmation.