Last Updated on 25 March 2020, 12:00 CET
The Government of Federation of Bosnia & Herzegovina (FBH) announced that the Ministry of Finance is working on the reduction of the corporate income tax rate of up to 50% on 16 March 2020, because of the current situation. It has also been announced that all taxpayers should submit a request for a reduction of income tax advance payments. This amendment has not been adopted nor described in detail.
Additionally, both the Government of FBH as well as the Government of the Republic of Srpska (RS) have announced that the deadline for filing of corporate income tax returns has been extended to 15 April 2020 in FBH and to 30 April 2020 in RS.
Tax Administration announced that all communication with the taxpayers will be done via e-mail or telephone.
There have been several proposals for measures in regard to delays in payment of VAT, as well as delays in contributions payment; however, it has yet to be seen what measures will be introduced in order to mitigate the consequences of COVID-19 outbreak and stabilize BH economy.
