COVID-19 Bosnia and Herzegovina Update

Changes to Tax Regulations in Bosnia and Herzegovina due to COVID-19 Outbreak

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 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 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.

 

The information in this document does not constitute legal advice on any particular matter and is provided for general informational purposes only.