Taxes

Working in Europe | Taxation/salaries | Bosnia and Herzegovina

Average net wage ( in BAM)
804,37 -810,55 -797,41 -822,85
Average gross wage ( in BAM)
1.223,27 -1.234,18 -1.213,30 -1.253,24

Public revenues collected by the Tax Administration of FBiH:
INCOME TAX
• income from dependent activities,
• income from self-employment,
• Income from property and property rights
• Income from equity investments
• income from lotteries and gambling

INCOME TAX
TAXATION OF CITIZENS:
• Property tax,
• Taxes on inheritance and gifts,
• Property taxes and rights.

OTHER TAXES:
• Taxes on income from gambling and entertainment games,
• Income from advertisements,
• Tax on company / business,
• Taxes on consumption in the hospitality industry,
• A special tax for the protection of natural and other disasters,
• A special tax for the protection of natural and other disasters based on contracts and temporary service.

FEES AND TAXES
SPECIAL FEES
FINES
CONTRIBUTIONS:
• Contributions to pension and disability insurance,
• Health insurance contributions,
• Contributions to unemployment insurance.

 

Residents

All resident taxpayers who source any type of income from abroad may be required to submit an annual personal income tax return, if such income is subject to PIT in the Federation of B&H / Republic of Srpska.

 

Non-residents

 

Only Federation of B&H / Republic of Srpska sourced income of non-residents is subject to PIT in the Federation of B&H / Republic of Srpska.

 

Income tax is applied on a flat tax rate of 10% on income from both employment, interest, royalties, and capital gains. Social Security apply to most employment income.

 

The employee pay 33% of gross salary, while the employer contribute 10.5% in addition. The Value-added tax in Bosnia is 17% as standard rate. Various Goods are services are exempt from VAT, including medical care, posting services, financial services, education and various smaller occasions

 

Double taxation treaties with the following countries are currently applicable:

Albania

Algeria

Austria

Belgium

China

Croatia

Cyprus

Czech Republic

Denmark

Egypt

Finland

France

Germany

Greece

Hungary

Iran

Ireland

Italy

Jordan

Kuwait

 

Malaysia

Moldova

The Netherlands

Norway

Pakistan

Poland

Qatar

Romania

Serbia

Macedonia

Montenegro

Slovakia

Slovenia

Spain

Sri Lanka

Sweden

Turkey

United Arab Emirates

United Kingdom

 

 

Individuals may be required to file a final tax return upon leaving the relevant entity if the individual is required to file an annual tax return

 

More information - https://goo.gl/ZqzsIW