Comprehensive Employment and Tax Guide Bosnia and Herzegovina
General Overview
- Currency: Convertible Mark (BAM)
- Languages: Daily and business communication in Bosnian, Croatian, Serbian.
- Public Holidays: Total of 14 days national public holidays.
- Capital: Sarajevo
- Fiscal Year: Running from Jan 1 to Dec 31.
- Minimum Hourly Wage: Not established.
Tax Essentials
- Income Tax Range: 10%.
- Other Taxes: VAT 17%, Corporate tax 10%.
Social Security Contributions
- Employer Charges: Approx. 33%.
- Employee Charges: Approx. 33%.
Employment Contracts & Conditions
- Contract Types: Permanent, Fixed-term.
- Trial Periods: Up to 6 months.
- Paid Holiday: 20 days annually.
- Salary Payment Frequencies: Monthly.
- Termination Notice: Notice period varies by contract
Legal Benefits for Employees
- Medical Coverage: State (Basic healthcare).
- Common Non-Compulsory Benefits: Additional health insurance, transport.
Hiring Non-Resident/Non-European Workers
- Visa & Work Permits Obligation: Yes, for non-residents.
- High-Skilled Worker Permits: Not specifically available.
- Visa & Work Permits Timelines: Up to 3 months.
The information provided on these countries serves as a general guideline and may
require verification and updates from legal sources or official websites.
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