On 15 December 2021, the National Assembly of the Republic of Srpska approved a reduction in the individual income tax rate from 10% to 8% on employment income, as well as an increase in the basic annual personal income tax allowance to BAM 12,000. The 10% income tax rate is kept for individual income from independent activities, while other income will be subject to a tax rate of 13%. In addition to the individual income tax changes, the National Assembly also approved a reduction in the hea…