Bosnia and Herzegovina Proposed Amendments to Individual Income Tax and Social Security Contributions
The government of the Federation of Bosnia and Herzegovina has reportedly proposed certain individual income tax amendments, including:
- An increase in the standard individual income tax rate from 10% to 13%;
- An increase in the basic personal allowance from BAM 3,600 to BAM 9,600 per year; and
- A 10% individual income tax rate on income from the sale of immovable property, gifts and inheritance…