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Federation of Bosnia and Herzegovina Amends and Extends Reduced Social Security Contribution Basis for Labor-Intensive Industries

|Approved Changes|Bosnia and Herzegovina
Bosnia and Herzegovina

On 27 January 2023, the parliament of the Federation of Bosnia and Herzegovina (FBiH) reportedly approved amendments to the law on social security contributions to amend and extend the reduced social security contributions basis for employees of labor-intensive industries, such as mining, textile, and leather industries. As amended, the reduced basis applies for employees whose salary is less than 85% of the average net salary in the FBiH (up from 60%) and is equal to 35% of the average month…

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