Federation of Bosnia and Herzegovina Extends Tax-Exempt Financial Assistance to Employees

The Government of the Federation of Bosnia and Herzegovina has issued a press release regarding amendments to the Regulation on Financial Assistance to Employees, which has been in effect since 1 January 2025. The regulation allows employers to make a financial assistance payment to employees of up to BAM 450 per month without triggering individual income tax or social security contributions until July 2025. The amendment extends the validity of the regulations until 31 December 2025. For Jul…