iCalculator™ BA: Bosnia and Herzegovina Tax Calculators

Welcome to iCalculator™ BA, your comprehensive suite of free tax calculators for Bosnia and Herzegovina. iCalculator™ has provided free tax calculators for Bosnia and Herzegovina since 2019. Since those early days we have extended our resources for Bosnia and Herzegovina to includes Tax Guides, Tax Videos and enhanced the tax calculators and supporting tax information. The Bosnia and Herzegovina Tax Calculator and salary calculators within our Bosnia and Herzegovina tax section are based on the latest tax rates published by the Tax Administration in Bosnia and Herzegovina. In this dedicated Tax Portal for Bosnia and Herzegovina you can access:

Bosnia and Herzegovina Tax Calculator 2024/25

The Bosnia and Herzegovina Tax Calculator below is for the 2024 tax year, the calculator allows you to calculate income tax and payroll taxes and deductions in Bosnia and Herzegovina. This includes calculations for

1. Employees in Bosnia and Herzegovina to calculate their annual salary after tax.
2. Employers to calculate their cost of employment for their employees in Bosnia and Herzegovina.

Discover Bosnia and Herzegovina

Bosnia and Herzegovina is a country in Southeastern Europe, known for its rich history, diverse culture, and evolving economy. This guide provides an insight into its location, economy, and key cultural aspects.

Geographical Location and Neighboring Countries

Bosnia and Herzegovina is nestled in the heart of the Balkan Peninsula. It shares borders with Croatia to the north and southwest, Serbia to the east, and Montenegro to the southeast. The country also has a small, yet significant coastline along the Adriatic Sea at Neum. This unique positioning places it at the crossroads of Eastern and Western civilizations, contributing to its diverse cultural landscape.

For more details on the neighboring countries, visit their respective pages: Croatia, Serbia, and Montenegro.

Economy of Bosnia and Herzegovina

The economy of Bosnia and Herzegovina is classified as a transitional upper middle-income economy. Since its independence from Yugoslavia in 1992, the country has seen a significant shift from a socialist to a capitalist economic model. The service sector dominates its economy, contributing to over half of its GDP. This is followed by a moderately developed industrial sector, including manufacturing, and a smaller agricultural sector. The country's economy has undergone considerable changes over the years, with recent growth in areas like tourism and banking. However, challenges such as high unemployment rates and a sizable current account deficit persist.

Cultural and Historical Aspects

Bosnia and Herzegovina has a rich cultural heritage shaped by various civilizations over the centuries, including Illyrian, Celtic, and Slavic influences. The Ottoman and Austro-Hungarian empires have left a significant mark on its architecture, cuisine, and overall cultural landscape. The country's population is ethnically diverse, primarily comprising Bosniaks, Serbs, and Croats, along with minorities like Jews, Roma, and others. This diversity is reflected in its complex political structure, with two autonomous entities and a third unit governed by its own local government.

Overview of Taxation in Bosnia and Herzegovina

The tax system in Bosnia and Herzegovina is characterized by a blend of direct and indirect taxes. The tax structure is divided between the state and its two entities: the Federation of Bosnia and Herzegovina and the Republika Srpska, each having its own tax regulations and administration. This decentralization of the tax system adds complexity to tax compliance and administration.

Direct taxes in Bosnia and Herzegovina include personal income tax and corporate income tax. The personal income tax is levied on various sources of income, such as employment, business, and capital gains. Corporate income tax applies to the profits of companies operating within the country. In addition to these, property taxes are also levied at local levels.

Indirect taxes are a significant part of the tax regime. The most notable is the Value Added Tax (VAT), which is applied to most goods and services. Other indirect taxes include excise duties on specific goods such as tobacco, alcohol, and fuel. Customs duties are also applicable on certain imports.

For businesses and individuals operating or planning to operate in Bosnia and Herzegovina, understanding the nuances of its tax system is crucial. The country's tax landscape is subject to changes and reforms, which aim to align it more closely with European Union standards and improve its efficiency.

To stay updated on the latest tax regulations, tools, and tax tables in Bosnia and Herzegovina, visit our comprehensive tax hub, featuring a range of tax calculators and resources. This resource provides essential information for effective tax planning and compliance in Bosnia and Herzegovina.