On 8 May 2014, Bosnia and Herzegovina gazetted notice that the tax treaty with Macedonia was ratified on 26 March 2014. The treaty was signed 24 September 2013, and is the first of its kind between the two countries.
Taxes Covered
The treaty covers individual income tax, profit tax and property tax of both countries.
Withholding Taxes
- Dividends - 5% if the beneficial owner directly holds at least 25% of the paying company's capital, otherwise 15%
- Interest - 10%
- Royalties - 10%
D…