Bosnia and Herzegovina: Proposed amendments to rules for small entrepreneurs (Republic of Srpska)
Proposed amendments require National Assembly approval
The government of the Republic of Srpska on December 5, 2024, proposed increasing the threshold for small entrepreneurs from €25,494 to €50,988 and the minimum annual tax liability from €3,060 to €6,120. In addition, income from information technology activities would be taxed as self-employment income, with a 10% withholding tax for nonresidents.
The proposed amendments require National Assembly approval.
For more information, contact a KPMG tax professional in Bosnia and Herzegovina:
Vedran Bajric | vbajric@kpmg.com
Senad Kadunic | skadunic@kpmg.com