Peter Nicholl’s mandate was due to expire on 13 January 2008. So far Bosnia’s most influential political parties have been unable to agree on Peter Nicholl’s successor.
The International Community's High Representative in Bosnia therefore yesterday also amended the Law on Indirect Taxation System to ensure continuous leadership and this institution’s functionality in case there is no agreement on future Governing Board Chairs.
“The law now provides for the Bosnian Finance and Treasury Minister to automatically take on the role of Chair for at least a year if there is no agreement on a new Chair of the Governing Board”, Lajcak said yesterday.
“Functional institutions and a secure base from which to continue to build a common economic space are essential for this country’s future,” Lajcak added.
This six-month extension also allows time for the Indirect Taxation Authority’s Governing Board to establish the administrative capacity necessary for the transition to the Bosnian authorities.