On 1 November 2017, the Romanian Government approved the draft law for the ratification of pending income tax treaty with Bosnia and Herzegovina. The treaty was signed 6 December 2016 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. Taxes Covered The treaty covers Bosnia and Herzegovina individual income tax and enterprise profit tax, and covers Romanian tax on income and tax on profit. Withholding Tax Rates Dividends - 5% if the beneficial owner is a company directly holding at...