The Government of the Federation of Bosnia and Herzegovina has adopted a Decision on establishing the lowest salary for the period 01.01.2023 to 31.12.2023 in the net amount of 596 KM (approx. 300 EUR), which represents an increase of 9.85%…
-Right to refund part of salary contributions- The National Assembly of the Republic of Srpska adopted the Law on Amendments to the Law on Incentives in the Economy of the Republic of Srpska. After two years, an analysis of the…
-Obligation of a paid hot meal to all employees- As the Government is continuously taking actions to improve employee benefits packages and prevent a potential outflow of workers starting from 22.02.2022, all employers in the Republic of Srpska are, legally,…
Amendments to the RS Labor Law were published in the Republika Srpska Official Gazette on December 29, 2021, while previously announced changes to the Law on Income Tax and the Law on Contributions entered into force on January 1st. The…
Starting from January 2022, a new model of fiscalisation will come into force in the Republic of Srpska. That will enable the suppression of the gray economy, and will benefit both employers and citizens, because the same conditions will be created for all business entities, and citizens, who use budget…
The Government of the Federation of BiH, at its session held on June 3, 2021 adopted the Guidelines for Economic and Fiscal Policy of the FBiH for the period 2022 to 2024. In the 2016-2019 period, the Federation of BiH…
Foreign citizens or legal entities that bought certain goods or services in Bosnia and Herzegovina, have the legal right to a VAT refund for those goods or services provided that certain conditions are met. According to the Law on VAT refunds, the manner and conditions of exercising the rights…
The Government of the Republic of Srpska plans to tax dividends and income from the share in the company’s profit, rather than income based on interest on citizen’s savings, and taxation of the total gross salary. They stated that the…
To the joy and satisfaction of many employees, the amendments to the Law on Income Tax of the Republic of Srpska are to increase the personal income of all workers. The minimum wage is now 540.00 KM, and the amount of non-taxable income…
The first draft of the Law on Excise Duties seeks to meet the criteria of the European Union, including: -period of adjustment of taxpayers and ITA to the new rules for excise products, which will be applied by membership in…