On 22 March 2018, Romanian President Klaus Iohannis signed the decree for the ratification of the pending income tax treaty with Bosnia and Herzegovina. The treaty, signed 6 December 2016 ({News-2017-11-09/T/5-previous coverage}), will enter into force 30 days after the ratification instruments are exchanged and, once in force and effective, will replace the 1986 tax treaty between Romania and the former Yugoslavia as it applies in respect of Bosnia and Herzegovina and Romania.