Bosnia and Herzegovina: Business Environment
Exports are zero-rated (however, the exporting taxpayer is entitled to request a refund of VAT paid on his purchases).
Bosnia and Herzegovina | Eastern Europe & Central Asia | United States | Germany | |
Number of Payments of Taxes per Year | 33.0 | 13.9 | 10.6 | 9.0 |
Time Taken For Administrative Formalities (Hours) | 411.0 | 226.2 | 175.0 | 218.0 |
Total Share of Taxes (% of Profit) | 23.7 | 36.5 | 36.6 | 48.8 |
Source: Doing Business, Latest available data.
Income tax | 10% |
Small entrepreneurs (Republika Srpska) | 2% of annual revenue |
In the Federation of Bosnia and Herzegovina: personal deduction (maximum BAM 3,600 per calendar year or BAM 300 per month), deductions for dependant family member (BAM 150 for spouse, BAM 150 per child, BAM 270 per second child and BAM 90 per third and every next child), for interest paid on mortgage loan, and for premium paid on life insurance (both fully deductible).
In Brcko District: personal deduction (maximum BAM 6,000 per calendar year), deduction per dependent (BAM 3,000), deduction for invalidity of taxpayer or dependent family member (10% of allowance for every 20% determined of invalidity), contributions for additional personal insurance (up to BAM 1,800 per year), permanent disability (BAM 3,000).
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Latest Update: October 2024