The Tax Administration of the Republic of Srpska, as a body within the Ministry of Finance of the Republic of Srpska, was established by the Law on the Tax Administration of the Republic of Srpska (“Official Gazette of the Republic of Srpska”, No. 51/01), which entered into force on October 24, 2001 regulating the basis for implementation and enforcement of laws in the area of taxation of the Republic of Srpska, law and subordinate legislation, defining offenses and criminal acts and sanctions in the area of taxes.