Taxation in Bosnia and Herzegovina

Taxation
An aspect of fiscal policy
Policies Government revenue Tax revenue Non-tax revenue Tax law Tax bracket Tax threshold Exemption Credit Deduction Tax shift Tax cut Tax holiday Tax advantage Tax incentive Tax reform Tax harmonization Tax competition Double taxation Representation Unions Medical savings account Tax, tariff and trade
Economics Price effect Excess burden Tax incidence Laffer curve Optimal tax Theory Optimal capital income taxation
Collection Revenue service Revenue stamp Tax assessment Taxable income Tax lien Tax refund Tax shield Tax residence Tax preparation Tax investigation Tax shelter Private tax collection Tax farming
Noncompliance Tax avoidance Tax evasion Tax resistance Tax haven Smuggling Black market Transfer mispricing Unreported employment Tax shelter
Distribution Tax rate Progressive Regressive Proportional
Types Direct Indirect Per unit Ad valorem In rem Capital gains Carbon Consumption Dividend Ecotax Excise Fuel Georgist Gift Gross receipts Income Inheritance (estate) Land value Payroll Pigovian Property Sales Sin Single Stamp Steering Turnover Value-added (VAT) Corporate profit Excess profits Windfall profits Negative (income) Flat Wealth
International Financial transaction tax Currency transaction tax Tobin tax Spahn tax Tax equalization Tax treaty Permanent establishment Transfer pricing European Union FTT
Trade Custom Duty Tariff Import Export Tariff war Free trade Free trade zone Trade agreement
Religious Church tax Eight per thousand Teind Tithe Fiscus Judaicus Leibzoll Temple tax Tolerance tax Jizya Kharaj Khums Nisab Zakat
By country List of countries by tax rates Tax revenues as %GDP Albania Algeria Argentina Australia Azerbaijan Bangladesh Bhutan Bulgaria Canada China Colombia France Germany Greece Iceland India Indonesia Iran Ireland Israel Italy Japan Kazakhstan Lithuania Malta Namibia Netherlands New Zealand Norway Pakistan Palestinian territories Peru Philippines Poland Russia Singapore South Africa Sweden Switzerland Tanzania United Kingdom United States Uruguay

Taxation in Bosnia and Herzegovina includes both federal and local taxes. Tax revenue in Croatia stood at 28.6% of GDP in 2013. Most important revenue sources include the income tax, Social Security contributions, corporate tax, and the value added tax, which are all applied on the federal level.

Income tax is applied on a flat tax rate of 10% on income from both employment, interest, royalties, and capital gains.^[1] Social Security apply to most employment income. The employee pay 33% of gross salary, while the employer contribute 10.5% in addition.^[2] The Value-added tax in Bosnia is 17% as standard rate.^[3] Various Goods are services are exempt from VAT, including medical care, posting services, financial services, education and various smaller occasions.^[4]

Stamp duties apply on various verifications of public documents. For incorporation purposes, stamp duties may range from EUR 50 to EUR 100.^[5] Corporate Taxes in Bosnia is levied at a flat rate of 10%.^[6]

History

Taxation in Bosnia has shifted over time, depending on the government that was in power. During the Ottoman Empire, the most common tax was dhimmi, which was a tax on Christians levied by the Ottoman authority. During the Yugoslav era taxation was similar to that of the rest of the Soviet, which typically relied heavily on a turnover tax and taxes paid by enterprises. In case of this two taxes they respectively made up 50% and 5% of total revenue in 1963.^[7]

References