波斯尼亚和黑塞哥维那因晶莹剔透的水而闻名,清澈见底的水和沁人心脾的空气为工作和休闲提供了极佳的条件。

Bosnia and Herzegovina is famous for its crystal-clear water and clean and fresh air perfect for work and leisure.

波斯尼亚和黑塞哥维那的桥梁不仅连接了河的两岸,而且是不同文明和文化之间交流的纽带。

The wonderful bridges that span the rivers of Bosnia and Herzegovina truly bridge many civilizations and cultures that call their homeland Bosnia and Herzegovina.

波斯尼亚和黑塞哥维那的水清澈见底,波光粼粼,使的独木舟和皮划艇在这里很是盛行。

Canoeing and kayaking are popular throughout Bosnia and Herzegovina with its pure and crystal-clear waters.

波斯尼亚和黑塞哥维那鱼资源丰富,其淡水资源富含鲑鱼、鲤鱼、鳗鱼和鲈鱼。

Fish are abundant in Bosnia and Herzegovina where most of the freshwaters are rich in trout, carp, eel and bass.

想要逃离大都市的喧嚣吗,波斯尼亚和黑塞哥维那别具情调的民俗村便是这样的圣殿。

Ethno villages of Bosnia and Herzegovina are unique sanctuaries where you may escape from the urban fuss and mess.

波斯尼亚和黑塞哥维那学术历史非常悠久。

Bosnia and Herzegovina has a long tradition of academic life.

波斯尼亚和黑塞哥维那手工艺品世界闻名,多样化的传统图案是其受多元文化影响的见证。

Bosnia and Herzegovina is well-known by its handicrafts and traditional patterns showing the diversity of cultural influences.

波斯尼亚和黑塞哥维那自然资源丰富,这里有大片的耕地、广袤的森林和巨大的水能。

Bosnia and Herzegovina is a country rich in natural resources, covered with large areas of farming land, extensive woods, and water potential.

波斯尼亚和黑塞哥维那的冬银装素裹且阳光明媚,是冬季爱好者的好去处。

Winter lovers may find Bosnia and Herzegovina as a country with a lot of snow but sunshine.

融合了东西方优点的美食无疑是人民爱上波斯尼亚和黑塞哥维那的原因之一。

Cuisine which is a blend of east and west is definitely one of the main reasons why people love Bosnia and Herzegovina.

很多宗教和文化建筑矗立在波斯尼亚和黑塞哥维那市中心。

Bosnia and Herzegovina has a plenty of religious and cultural edifices placed in the urban city centers.

美妙绝伦的东方艺术和文化极大地丰富了波斯尼亚和黑塞哥维那,尤其是在建筑和都市生活方面。

Bosnia and Herzegovina was enriched by wonderful Oriental art and culture, particularly in housing and urban living.

波斯尼亚和黑塞哥维那拥有众多独一无二的历史文物。

Bosnia and Herzegovina has many unique historical relics.

波斯尼亚和黑塞哥维那以音乐天才和休闲娱乐的摇篮而著称。

Bosnia and Herzegovina is known as a cradle of great music talents and good entertainment.

波斯尼亚和黑塞哥维那的冬,山上白雪皑皑,积雪覆盖,为冬季旅游创造了极好的天气条件。

In the winter, quality and continuous snow in the mountains of Bosnia and Herzegovina constitutes suitable climatic conditions for winter tourism.

波斯尼亚和黑塞哥维那用于作物栽培和畜牧养殖业的农业用地多达200万公顷以上。

There are over 2 million hectares of agricultural land, both for crop growing and livestock rearing.

对于那些真正的自然爱好者来说,波斯尼亚和黑塞哥维那繁忙大都市之外的众多绿洲是他们的首选之地。

For true nature lovers there are many green oases out of the big cities of Bosnia and Herzegovina.

波斯尼亚和黑塞哥维那动物物种品类繁多。

Bosnia and Herzegovina is home to a great number of animal species.

由于受地中海阳光的庇佑,波斯尼亚和黑塞哥维那享誉盛名的葡萄酒已因其高品质和高品位获奖多次。

Thanks to the Mediterranean sun, the well reputed wines of Bosnia and Herzegovina have been awarded many times for its good quality and taste.

对于探险爱好者和自然爱好者来说,波斯尼亚和黑塞哥维那是一个拥有原始荒野的仙境。

For the adventure seekers and nature lovers Bosnia and Herzegovina is a wonderland of pristine wilderness.

走进波斯尼亚和黑塞哥维那,您就会发现东西方的融合在这里达到了极致,让您跨越文化和历史的界限去刷新生命的体验。

In Bosnia and Herzegovina you will find an amazing blend of east and west, allowing you to cross cultural and historical bridges you never thought possible.

走进波斯尼亚和黑塞哥维那, 您将发现新旧交替、传统与现代融合的城市规划。

In Bosnia and Herzegovina you may find a mixture of the old and new, traditional and modern city planning.

波斯尼亚和黑塞哥维那所有大都市的旧城区风韵犹存。

Old towns keep their ancient spirit in almost all big cities of Bosnia and Herzegovina.

波斯尼亚和黑塞哥维那丰富的传统技艺无与伦比,为其留下了许多独一无二、别具特色的文化遗产。

The incomparable richness of traditional craftsmanship produced a unique mixture of various influences in the cultural heritage of Bosnia and Herzegovina.

就地热资源及其发展潜能来说,波斯尼亚和黑塞哥维那已跻身欧洲前10名。

Bosnia and Herzegovina ranks in the top 10 in Europe in terms of geothermal resources and potential.

波斯尼亚和黑塞哥维那因拥有众多保存完好、原始自然美景的国家和自然公园而倍感自豪。

Bosnia and Herzegovina has many national and natural parks which are well preserved and untouched natural beauties.

地处不同文明和文化的交接点,从宗教旅游角度来说,宗教元素在波斯尼亚和黑塞哥维那起着重要的作用。

Located at the meeting point of different civilizations and cultures, the religious elements in Bosnia and Herzegovina have an important role in terms of religious tourism.

波斯尼亚和黑塞哥维那因其古老的宗教建筑而闻名,这些建筑对公众开放。

Bosnia and Herzegovina is known by its very old religious edifices open to visitors with all preferences.

波斯尼亚和黑塞哥维那因其国际化的艺术和文化盛事而深感自豪。

Bosnia and Herzegovina is very proud by its international art and cultural festivals.

不同社区、生活方式和传统的和平共处恰到好处地定义了波斯尼亚和黑塞哥维那文化和历史的特色。

The feature that most defines the culture and history of Bosnia and Herzegovina is precisely the peaceful co-existence of different communities, lifestyles and traditions.

波斯尼亚和黑塞哥维那现代基础设施发展潜力巨大。

Bosnia and Herzegovina has a great potential for modern infrastructure.

波斯尼亚和黑塞哥维那的劳动力勤劳肯干,技艺高超且求知欲望强烈。

Bosnia and Herzegovina has a hardworking highly skillful labor force with desire to learn.

波斯尼亚和黑塞哥维那拥有丰富的自然水资源与肥沃的土地。

Natural water resources and fertile soils are abundant in Bosnia and Herzegovina.

波斯尼亚和黑塞哥维那的急流漂流探险已广为人知。

Bosnia and Herzegovina is well known for its wild-water rafting adventures.

波斯尼亚和黑塞哥维那的历史打上了地中海、罗马、奥特曼和欧洲等不同文化的烙印,因此她是新旧世界融合交汇的圣地。

Bosnia and Herzegovina which had hosted different cultures like the Mediterranean, Roman, Ottoman and European throughout history is a mixture of the old and the new World.

波斯尼亚和黑塞哥维那是一个多山的国家,第拿里阿尔皮斯山脉贯穿全境。

Bosnia and Herzegovina is a mostly mountainous country with the Dinaric Alps dominating the landscape.

波斯尼亚和黑塞哥维那悠久的历史为其留下了不少文化-历史遗产,古老的要塞和城堡就是其最好的印证。

Rich history of Bosnia and Herzegovina has left its trails and monuments of cultural-historical heritage as fortresses and towers.

身处波斯尼亚和黑塞哥维那,您可以拜访古老悠久的住宅,去感受往日社会生活的真谛。

In Bosnia and Herzegovina you may visit the old traditional residences to feel the spirit of social life during the past centuries.

波斯尼亚和黑塞哥维那南部遍布独特地中海风格的建筑。

Bosnia and Herzegovina has a peculiar Mediterranean style of houses typical for the southern regions.

对于持有不同世界观的人来说,波斯尼亚和黑塞哥维那都是他们朝拜的圣地。

Bosnia and Herzegovina offers a chance to visit various religious monuments with holy values for people with different worldviews.

波斯尼亚和黑塞哥维那已被鉴定出的有花植物多达3000种以上。

There are more than three thousand identified species of flowering plants in Bosnia and Herzegovina.

波斯尼亚和黑塞哥维那建筑风格为许多欧洲著名风格所影响。

Architecture of Bosnia and Herzegovina was influenced by many European prominent styles.

波斯尼亚和黑塞哥维那温泉旅游潜力巨大。

Bosnia and Herzegovina has a huge potential for spa tourism.

踏进波斯尼亚和黑塞哥维那的深山地区,您就会发现那里空气异常清新,人民过着悠闲自得的生活。

Deep in the mountains of Bosnia and Herzegovina you may find the rural communities enjoying the life in pure and fresh air environment.

Tax Environment

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Tax jurisdictions: There are 2 main tax jurisdictions in Bosnia and Herzegovina: the Federation of B&H (FB&H ), with 10 cantons, and the Republic of Srpska (RS).

Foreign exchange control: Foreign exchange is regulated by the Foreign Exchange Laws of the FB&H and the RS and the Foreign Exchange Policy Law of the Bosnia and Herzegovina.

Accounting principles/ financial statements: IAS and IFRS are fully applicable in the B&H. Rules are also provided in the Laws on Accounting and Audit and the framework law at the state level.

Principal business entities: These are the joint stock company and the limited liability company. Foreign companies can open representative offices in the B&H, but they do not have legal entity status.

Note: All of these laws or their excerpts are available on FIPA web site www.fipa.gov.ba (English version).

 

Corporate taxation:

Residence: A company in Bosnia and Herzegovina is a resident if it is registered as a legal entity. An entity has a taxable presence in Bosnia and Herzegovina by carrying out business activities in the jurisdiction that meet the criteria for a permanent establishment.

Basis: Resident companies are subject to tax on worldwide income, while nonresident companies are taxed only on income derived from the relevant jurisdiction.

Taxable income: The taxable base is determined by increasing the accounting profits or losses for nondeductible expenses and reducing the accounting profits or losses for allowable items.

Taxation of dividends: In the FB&H, dividends that have already been subject to tax or that benefit from a corporate income tax exemption are not taxable. Dividends are not subject to tax in the RS.

Capital gains: Capital gains are generally taxed as profits at a rate of 10%.

Losses: Tax losses may be carried forward for up to 5 years. Tax losses carried forward from the current year are compensated in the first year; taxable profits are available for offset, so that the tax base is always reduced for the oldest losses. The carryback of losses is not permitted.

Rate: The tax rate is 10%. Small taxpayers in the RS (i.e. those with less than 9 employees and with total annual revenue in the preceding year not exceeding BAM 100,000 and provided not more than 50% of total revenue comes from a single client) pay corporate income tax at a rate of 2%.

Surtax: No

Alternative minimum tax: No

Foreign tax credit: Resident taxpayers are entitled to a tax credit for tax paid abroad up to the corporate income tax liability in Bosnia and Herzegovina.

Participation exemption: No

Holding company regime: No

Incentives: The FB&H offers a full corporate income tax exemption for companies whose exports exceed 30% of total income (turnover) and companies investing not less than BAM 20 million over 5 consecutive years in production, provided the investment during the first year is at least BAM 4 million. A company whose workforce is comprised of more than 50% of persons with disabilities or special needs hired for a period longer than 1 year is exempt from corporate income tax for that year. All costs related to R&D may be recognized as expenditure. There are also incentives for scientific and development research.

 

Withholding tax:

Dividends: Dividends paid from the FB&H to a nonresident are subject to a 5% withholding tax; the RS does not levy withholding tax on dividends.

Interest: A 10% withholding tax is levied on interest paid to a nonresident unless the rate is reduced or exempt under a tax treaty.

Royalties: Royalties paid to a nonresident are subject to a 10% withholding tax unless the rate is reduced under a tax treaty.

Other: A 10% withholding tax is levied on income from services provided to a nonresident, unless the rate is reduced under a tax treaty.

Branch remittance tax: No

Other taxes on corporations:

Capital duty: No

Payroll tax: In both the FB&H and the RS, the employee withholds tax from salary on a monthly basis.

Real property tax: Property tax is levied in the FB&H at the cantonal level. In the RS, tax rate is determined by the municipality where the property is located. See also under “Transfer tax.”

Social security: In the FB&H, the employer contributes 10.5% of the employee’s gross salary and the employee contributes 31% on the gross salary for social security (17% for pension insurance, 12.5% for health insurance, 1.5 % for unemployment insurance). In the RS, both employer and the employee contribute 30.6% of gross salary.

Stamp duty: No

Transfer Tax: The acquisition of real property in the FB&H is subject to a real estate sales tax levied at the cantonal level. The tax base is the purchase value of the property at the time of transaction. The taxpayer (i.e. the buyer or the seller) for purposes of the real estate sales tax varies depending on the canton. In the RS, the purchase of real property is taxed at a rate of 3%. The tax base is determined by the municipal appraisal team and the taxpayer is seller.

Other: No

 

Anti-avoidance Rules:

Transfer pricing: The difference between the price determined by applying the arm’s length principle and the transfer price must be included in tax base and will be taxed.

Thin capitalization: No

Controlled foreign companies: No

Other: No

Disclosure requirements: Transactions between related parties must be separately disclosed on the tax balance form.

 

Administration and compliance:

Tax year: Calendar year

Consolidated returns: Group taxation is allowed in the FB&H for a group of resident companies with a minimum of 90% (FB&H)/80% (RS) direct or indirect ownership. In the RS, a foreign legal person with 2 or more permanent establishments carrying out economic activities within the RS can file a consolidated tax return.

Filing requirements: The tax return in the FB&H must be submitted and any tax due paid to the authorized branch office of the tax authorities within 30 days of the end of the tax period. The tax return in the RS must be submitted within 90 days at the end of the tax year, and in the case of a calendar year – no later than 31 March of the following year.

Penalties: In the FB&H, late interest is 0.04% per day. Penalties range from BAM 500 to BAM 50,000. In the RS, late interest is 0.06% per day and minimum penalties are BAM 500, BAM 1,000 and BAM 1,500.

Rulings: The tax authorities and the Ministry of Finance will issue rulings at the request of a taxpayer.

 

Personal taxation:

Basis: The FB&H and the RS tax residents on their worldwide income; nonresidents are taxed only on Bosnia and Herzegovina-source income.

Residence: An individual is considered resident for income tax purposes if he/she has a residence or center of business and/or vital interests in Bosnia and Herzegovina, or stays in Bosnia and Herzegovina for at least 183 days in the aggregate during the tax year.

Filing status: In both the FB&H and the RS, the employer withholds tax from salary on a monthly basis. Final tax liability is assessed on an annual basis.

Taxable income: The tax base in the FB&H is the total gross taxable income paid by the employer less employee contributions and deductible allowances (the monthly basic personal allowance, less dependent family member allowance(s) and invalidity allowance, where applicable). In the RS, the tax basis is total gross taxable income paid by the employer less social security contributions and deductible allowances (monthly basic personal allowance, less dependent family member allowance(s) and invalidity allowance, where applicable).

Capital gains: Capital gains are subject to tax at the standard 10% rate in the FB&H, and 8% in the RS.

Deductions and allowances: Personal deductions in the FB&H are BAM 3,600 per calendar year and in the RS BAM 3,000 per calendar year. There are also deductions for dependents.

Rates: The rate is 10% in the FB&H and 8% in the RS.

 

Other taxes on individuals:

Capital duty: No

Stamp duty: No

Capital acquisitions tax: No

Real property tax: The acquisition of real property in the FB&H is subject to a real estate sales tax levied at the cantonal level. The tax base is the purchase value of the property at the time of the transaction. The taxpayer (i.e. the buyer or the seller) for purposes of the real estate sales tax varies depending on the canton. In the RS, the purchase of real property is taxed at a rate of 3%. The tax base is determined by the municipal appraisal team and the taxpayer is seller.

Inheritance/estate tax: Inheritance and gift taxes are levied at the cantonal level in the FB&H. Inheritance and gift taxes are paid on transfer of immovable and movable property. Since the tax rate is levied at the cantonal level, it varies between 2% and 10%. In the RS, the tax rates are 3% of the market value (or value estimated by the tax authorities) of immovable property and 10% of the market value (or value estimated by the tax authorities) of movable property.

Net wealth/net worth tax: No

 

Social Contributions in Bosnia and Herzegovina:

a) Employee’s share:

FB&H: 17% for pension insurance, 12.5% for health insurance, 1.5 % for unemployment insurance (in total: 31 % on gross wage).

RS: 18% for pension insurance, 12.5% for health insurance, 1% for unemployment insurance, 1,5% for child protection (in total: 33% on gross wage).

Brčko District: 17% for pension insurance for employers who apply the law of FB&H and 18% for pension insurance for employers who apply the law of RS, 12% for health insurance and 1.5 % for unemployment insurance (in total 30.5 or 31.5% on gross wage).

b) Employer’s share:

FB&H: 6% for pension insurance, 4% for health insurance, 0.50% for unemployment insurance (in total: 10.50% on gross wage).

Brčko District: 6% on gross wage for pension insurance for employers who apply the law of FB&H.

RS: No such contributions are paid.

 

Administration and compliance:

Tax year: Calendar year

Filing and payment: Returns must be filed monthly and annually.

Penalties: In the FB&H, late interest is 0.04% per day. Penalties range from KM 500 to KM 50,000. In the RS, late interest is 0.06% per day and minimum penalties are KM 500, KM 1,000 and KM 1,500.

 

Value added tax:

Taxable transactions: VAT is levied at the state level and is applicable to the following transactions: goods or services provided for consideration; the import of goods; the use of business assets or inventory for non-business or personal purposes (if credits for related purchases have been utilized); and the provision of services for no or reduced consideration or for non-business purposes.

Rates: The standard rate is 17% (which applies to most deliveries of goods and services). Certain transactions are exempt, including certain public services, health and medical services and financial services. Other transactions (mainly exports of goods) are zero rated.

Registration: Registration is compulsory if the annual value of deliveries exceeds KM 50,000. A company may register voluntarily if the threshold is not met. Once entering into the VAT system, a taxpayer cannot opt out for 5 years. A taxable person established abroad that carries out performs taxable economic activities in the Bosnia and Herzegovina must register trough VAT representative.

Filing and payment: VAT returns and payments are due by the end of the current month for the prior VAT period and must be submitted until the 10th day of the current month for the previous month (pervious tax period).

 

Tax exemptions

The Federation of Bosnia and Herzegovina Law on the Corporate Income Tax enables the taxpayer, who in the year for which the corporate income tax is being determined, has achieved 30% of their total revenue by export to be exempted from the tax payment for that year.

Taxpayer who in the period of five consequent years invests into production in the value of minimum 20 million KM, on the territory of the Federation of Bosnia and Herzegovina, is being exempted from the payment of corporate income tax for the period of five years beginning from the first investment year, in which minimum 4 million KM must be invested.

If taxpayer from the above paragraph, in the time period of five years, does not achieve the prescribed census for investment, they lose the right of tax exemption, and the unpaid corporate income tax is being determined in accordance with the provisions of the Law on the Corporate Income Tax augmented for penalty interest payable for untimely paid public revenues.

In the Federation of Bosnia and Herzegovina, taxpayer who employs more than 50% of disabled persons and persons with special needs longer than one year is being exempted from the payment of corporate income tax for the year, in which more than 50% disabled persons and persons with special needs were employed.

Profits transferred from abroad are not taxed in Bosnia and Herzegovina:

Profits transferred from abroad are not taxed, if they were previously subject to taxation abroad.

Source of tax law:

Corporate Income Tax Law and Regulations in the FB&H and the RS, Personal Income Tax Law and Regulations in the FB&H and theRS, Value Added Tax Law and Regulations on state level.

Tax treaties:

Bosnia and Herzegovina has 30 tax treaties.

Tax authorities:

Tax Authority of the FB&H, Tax Authority of the RS and Indirect Taxation Authority of Bosnia and Herzegovina.

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