Bosnia Announces Increase Of Minimum Wage And Abolishment Of Special Republic Tax

• Published date: 20 February 2023
• Subject Matter: Employment and HR, Employee Benefits & Compensation
• Law Firm: Eurofast
• Author: Ms Andrea Peulic

The Government of the Federation of Bosnia and Herzegovina has adopted a Decision on establishing the lowest salary for the period 01.01.2023 to 31.12.2023 in the net amount of 596 KM (approx. 300 EUR), which represents an increase of 9.85% compared to the lowest salary established for 2022.

In the decision, it is stated that the method of determining the minimum wage, the adjustment and the deadline for adjustment are prescribed by the Regulation on the methodology of calculation and adjustment of the minimum wage. According to this regulation, the adjustment is made on the 50% of the sum amount of the increase in consumer prices and 50% of the increase in the gross domestic product in the Federation for the period January to September, and according to the data of the Federal Bureau of Statistics.

In the second entity, the Government of the Republic of Srpska established the Proposal for the Law on the Termination of the Law...