Nezavisne novine: Al the employed citizens in the FBiH should by the end of this year prepare the documents required for calculation of taxes on income and the proofs for confirming the eventual tax returns.
This has been said yesterday in Sarajevo at the press conference of the representatives of the Ministry of Finances of the FBiH in the context of beginning of media campaign on application of the new tax on income.
"The tax is starting to be calculated from the January salaries of next year. It will be calculated by the employer and paid per month, and responsibility for not paying or paying incomplete tax obligations is on the employee and the employer as well – on the employee for fake data on the tax returns, and on the employer for a wrong calculation on the basis of correct data", has been explained by Hajrudin Hadžimehanović, assistant for the taxes in the Ministry of Finances.
According to the new Law, the tax is being calculated as 10% on gross salary reduced for the contributions from salary which sums 31%. The rest sum, before the calculation, is being reduced for all payers for non-taxable part of 300 KM.
Bevanda: without deficit in the budget
This year’s budget of the FBiH will by pre-restructuring or re-balancing be reduced from 1.83 billion KM to 1.5 billion KM, and the budget for next year will be 1.65 billion KM, has been repeated by the Minister of Finance, Vjekoslav Bevanda. He believes that the FBiH this year will not have a deficit in the budget, but he is not sure if all the obligations until today will be paid. "We will pay what was in accordance with the dynamics of realization of the budget. A year has 12 twelfths and those who have hurried up and created obligations for the whole year, will wait", Bevanda has said. He has confirmed that he has not received an official demand for a meeting with the representatives of the RVI, to whom the Government for the first two months this year, owes around four million KM.
Further tax return sum of 150 KM for supporting one child or unemployed spouse, and 210 KM for another child. As a proof of existence of the basis for the return are the birth certificates of children or marriage certificates for spouses, and recommendation of the Ministry is for the sake of saving, those documents can be older than six months.
Each employee will have their tax card which they or their employer should get in the Tax Administration office of the FBiH, on the basis of request which can be taken in the same office or from the internet site of the office. Since the Law is new, the tax governments will tolerate that tax payers and employers by the 1st of May of next year submit their tax cards.
The tax is not being paid on pension, stipends, social assistance on any basis, dividends on the basis of contribution in the ownership, on the income from trading shares, and the employees of the OHR are not paying for it.
Citizens of the RS, if they have been hired in the FBiH and are spending more than 183 days during a year, will pay the tax in the place of payer.
Usually this tax changes previous six different cantonal taxes and tax on salaries.
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