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Bosnia and Herzegovina Extends Reduced Social Security Contribution Basis for Labor-Intensive Industries

08 December 2020

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Approved Changes

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Bosnia Herz

On 2 December 2020, the parliament of the Federation of Bosnia and Herzegovina approved amendments to the law on social security contributions to extend the reduced social security contributions basis for employees of labor-intensive industries, such as mining, textile, and leather industries. The reduced basis applies for employees whose salary is less than 60% of the average net salary in the Federation of Bosnia and Herzegovina and is equal to 29% of the average monthly gross salary paid from January to September in the previous year. Previously scheduled to expire at the end of 2020, the reduced basis will now...