Bosnia and Herzegovina: Government adopts Law on Profit Tax
On 16 January 2020, Government adopted the amendment in Law on Profit Tax. The Law proposed to exclude leasing companies from the interest deduction limitations provisions. On the other hand, this Law stated that income statements are not necessary
See MoreBosnia and Herzegovina signs MLI to implement tax treaty related BEPS measures
On 30 October 2019, Bosnia and Herzegovina signed the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent BEPS (MLI). The countries involved in the Inclusive Framework are working towards implementation of the BEPS
See MoreOECD: Bosnia and Herzegovina joins the inclusive framework on BEPS
On 10 July 2019 the OECD announced that Bosnia and Herzegovina has joined the Inclusive Framework on base erosion and profit shifting (BEPS). This means that a total of 131 countries and jurisdictions are taking part in the Inclusive Framework.
See MoreBosnia and Herzegovina: Tax administration changes withholding tax return filing deadline
The tax authority has changed the deadline for filing annual withholding tax return. According to the recent amendments, the annual withholding tax returns must be filed by 31 January of the current year for the previous tax year, instead of
See MoreBosnia and Herzegovina signed a tax treaty with Romania
The Government of Bosnia and Herzegovina signed an income tax treaty with Romania on 6 December, 2016. The new treaty will be replaced by former Yugoslavia - Romania Income and Capital Tax Treaty (1986) when it will in force and
See MoreIMF to support economic reform in Bosnia
On 9 September 2016 the IMF issued a report in relation to Bosnia’s economy following the granting of funds under the Extended Finance Facility to support a more competitive economy to attract investment and create private sector jobs. Bosnia has
See MoreIMF report comments on the economic situation in Bosnia
The IMF has reached a staff agreement with Bosnia and Herzegovina on an arrangement under the Extended Fund Facility and on 24 May 2016 published a press release including the statements of IMF staff teams. The economy of Bosnia is recovering and
See MoreBosnia: IMF comments on economic and fiscal policy
The International Monetary Fund (IMF) has issued a concluding statement following a staff visit to Bosnia and Herzegovina for consultations under Article IV of the IMF’s articles of agreement. Although Bosnia’s economic recovery was interrupted
See MoreEFTA and Bosnia-Herzegovina: FTA enters into force
The multilateral free trade agreement (FTA) between Bosnia and Herzegovina and EFTA (the European Free Trade Association) states- Iceland, Liechtenstein, Norway and Switzerland signed on 24 June 2013 and the agreement will enter into force for
See MoreSwitzerland: Signed FTA with Bosnia-Herzegovina, Costa Rica, Panama
According to reports, the government of Switzerland and of the governments of Bosnia-Herzegovina, Costa Rica, and Panama signed free trade agreements earlier in 2013 and it has been published on September 27 of 2013. The
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