By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Sarajevo TimesSarajevo TimesSarajevo Times
  • HOME
  • POLITICS
    • BH & EU
  • BUSINESS
  • BH TOURISM
  • INTERVIEWS
    • BH & EU
    • BUSINESS
    • ARTS
  • SPORT
  • ARTS
    • CULTURE
    • ENTERTAINMENT
  • W&N
Search
  • ABOUT US
  • IMPRESSUM
  • NEWSLETTER
  • CONTACT
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Reading: Public Revenues in Federation of BiH lower by over 20 Million BAM
Share
Font ResizerAa
Sarajevo TimesSarajevo Times
Font ResizerAa
  • HOME
  • POLITICS
  • BUSINESS
  • BH TOURISM
  • INTERVIEWS
  • SPORT
  • ARTS
  • W&N
Search
  • HOME
  • POLITICS
    • BH & EU
  • BUSINESS
  • BH TOURISM
  • INTERVIEWS
    • BH & EU
    • BUSINESS
    • ARTS
  • SPORT
  • ARTS
    • CULTURE
    • ENTERTAINMENT
  • W&N
Follow US
  • ABOUT US
  • IMPRESSUM
  • NEWSLETTER
  • CONTACT
© 2012 Sarajevo Times. All rights reserved.
Sarajevo Times > Blog > BUSINESS > Public Revenues in Federation of BiH lower by over 20 Million BAM
BUSINESS

Public Revenues in Federation of BiH lower by over 20 Million BAM

Published March 8, 2021
Share
SHARE

Public revenues in the Federation of Bosnia and Herzegovina in January and February this year are lower by 20,410,924 BAM compared to the same period last year.

For the first two months of this year, taxpayers in FBiH paid 847,624,898 BAM, while in the same period last year, 2.35 percent more was paid, the FBiH Tax Administration stated in the press release.

The announcement states that contributions for pension and disability insurance of 330,393,228 BAM, for health insurance of 236,339,282 BAM and contributions for unemployment insurance of 27,838,149 BAM were collected.

The number of employees in the FBiH on the last day of February was 517,979, down 403 from seven days earlier, at 518,382.

Having in mind the fact that in the last days in the media, but also in the public, there is speculation about the data related to the lowest salary published on EUROSTAT, in order to accurately inform the entire public, the Federation of Independent Trade Unions of Bosnia and Herzegovina wrote on their page that BiH does not have a legally defined minimum wage, which the Union has been warning about since 2018. 

”There is no “lowest guaranteed salary” of 406 BAM in the Federation. There is the lowest hourly wage of 2.31 BAM net with income tax, which for 176 hours per month gives the amount of “minimum” of 406.56 BAM net with income tax. The legal minimum hourly wage in the FBiH, when converted to the level of the minimum wage, means that this is the amount that the worker receives on hand. There is no guarantee that a worker in the economic sector will also receive a hot meal, because it can be used through an insured meal, so that a hot meal cannot be counted in the “minimum income”. If the worker has no dependent family members, he has a personal deduction of 300 BAM and the state takes 10 percent of the tax from the amount above 300 BAM, in this case 10.65 BAM. So, he has some 396 KM left,” it was announced from the Alliance. 

The lowest salary, which Prime Minister Novalic said in 2015 was a “socially dangerous increase” in the minimum wage, according to the union, does not formally exist, because it was part of the General Collective Agreement which the FBiH Employers’ Association canceled in February 2018. 

”When it comes to the payment of hot meals and transportation fees, it is important to emphasize that these are not legal categories. Namely, if there is no collective agreement (domestic, branch), and thanks to the new Labor Law there are very few of them, the employer does not have to pay this compensation, which a large number do not. The logical question is, “Then why are these fees paid, where they are paid?” The answer is simple. They are paid exclusively because they are currently non-taxable, a hot meal up to 1 percent of the average net salary in FBiH per day, and transportation in the amount of the monthly ticket price, which is regulated by the Ordinance on the application of the Income Tax Act. In this way, the employer pays the employee part of the income without paying mandatory taxes and contributions, which is cheaper. However, if the laws mentioned as a salvation for workers are adopted, all benefits will become taxable, including hot meals and transportation fees, ie they will be equal to the salary in the tax sense,” the union states. 

Poor socio-economic status of workers Instructed by previous experiences, the Union is sure that a large number of employers will simply stop paying them. 

”One of the reasons for the mass emigration in recent years is the poor socio-economic status of workers. In order to improve the status, it is necessary to reduce the tax burden on salaries, which would increase the minimum wage, which should be defined, and abolish the taxation of wages to the amount of 1,000 BAM, which is the lower limit for leading a normal life. The calculation of salaries in contracts should be defined in the gross amount, because in that way any reduction of contributions will be directly directed towards the salary of workers,” they conclude from the Trade Union.

Half a Million Doses of Vaccines to arrive in One Shipment in BiH

Young and Successful People: Meet the Creators of the first BiH Robot

How much does a Family spent on a monthly basis in BiH?

Dita Employees received their first Salary

BiH to export 85.000 tons of Flour to Turkey?

TAGGED:#money#public#revenues#statistics
Share This Article
Facebook Whatsapp Whatsapp Telegram Threads Bluesky Email Print
Share
What do you think?
Love0
Sad0
Happy0
Sleepy0
Angry0
Dead0
Wink0
Previous Article Streets of Sarajevo full of Flowers on Occasion of the International Women’s Day
Next Article Monument to Draza Mihailovic to be built in Bijeljina, led to the Dissatisfaction of Bosniaks
Leave a Comment Leave a Comment

Leave a Reply Cancel reply

You must be logged in to post a comment.

Stay Connected

10.2kFollowersLike
10.1kFollowersFollow
414FollowersFollow

Latest News

Dodik praises Orban as a Leader who ‘understands the Importance of Peace’
February 1, 2026
Iran responds to EU Measures: Union Troops declared Terrorist
February 1, 2026
Zejna Husic, Whose Two Sons Were Killed In The Srebrenica Genocide, Has Passed Away
February 1, 2026
Zenica Could Be Left Without Heating
February 1, 2026
Thousands From BiH And The Region Paid Tribute To The Fighters
February 1, 2026
Key Findings from Millions of Recently Released Epstein Files
January 31, 2026
Two powerful Explosions echoed in Iran
January 31, 2026
Cultural Heritage of BiH between Robbery, Politics and Institutional Blockade
January 31, 2026
Elvedina Muzaferija again in the top 30 of the FIS World Cup
January 31, 2026
US approves Arms Sales to Israel and Saudi Arabia
January 31, 2026
Sarajevo TimesSarajevo Times
Follow US
© 2012 Sarajevo Times. All Rights Reserved.
  • ABOUT US
  • IMPRESSUM
  • NEWSLETTER
  • CONTACT
Go to mobile version
adbanner
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?