Bosnia and Herzegovina Information about minimum wage and taxes.

In Bosnia and Herzegovina, minimum wage and tax policies are determined by the government. As of 2021, the minimum wage in Bosnia and Herzegovina has been determined as 550 BAM (Bosnia-Herzegovina Mark). This amount represents the gross minimum wage, and the net minimum wage amount is determined when taxes and other deductions are deducted. Tax rates in Bosnia and Herzegovina vary depending on a person's income level. Income tax rates can range from 10% to 20%. These tax rates are determined based on a person's annual income and income level. Additionally, social security cuts are also made in Bosnia and Herzegovina. These deductions are based on the employee's gross salary and are used to fund retirement, health insurance and other social security programs. Minimum wage and tax policies in Bosnia and Herzegovina may change over time depending on the economic situation, unemployment rate and other factors. Therefore, it is recommended that you consult official government sources or local tax authorities for the most up-to-date information.

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