Bosnia and Herzegovina, following its 30 October 2019 signing of the Multilateral Convention (MLI), had published the list of expected reservations and notifications. Bosnia and Herzegovina’s position included 37 tax treaties it wanted covered by the MLI. On 10 June 2020, the MLI was ratified.
The reservations published in November of 2019 concerned Articles 3, 4, 5, 8, 10, 11, 13, and 14 which Bosnia and Herzegovina has reserved the right to not apply to its covered tax agreements. Articles 16 and 17 include partial reservations.
The next step for the country to take is to deposit the ratification instrument so that MLI can enter into force. As a reminder, the entry into force for a certain covered treaty is on the first day of the month which follows a three-month period following both countries’ deposition of ratification.
Stevo Tadic, Senior Accountant, Eurofast Bosnia & Herzegovina