The lower house of parliament of the Federation of Bosnia and Herzegovina, the House of Representatives, reportedly approved the Law on Hydrocarbons Tax on 29 January 2020. The Law must now be approved by the upper house, the House of Peoples.
The law provides for the introduction of a 30% tax on any legal entity, regardless of residency, that is engaged in upstream hydrocarbon operations in the Federation of Bosnia and Herzegovina under a concession contract, including on income derived fr…