The country has three official languages: Bosnian, Croatian, and Serbian.
Payroll and Benefits Guide - Bosnia and Hezegovina
Fun Facts
The region of Herzegovina is known for its karst landscape such as limestone formations, caves, and underground rivers.
Football (soccer) is a widely popular sport in Bosnia and Herzegovina.
Bosnia and Herzegovina is known for its coffee culture.
The country has numerous natural wonders.
Bosnia and Herzegovina has a rich cultural heritage.
Contributions
Employee Payroll Tax
| Social Security -Pension and Invalid insurance | 17.00% |
| Social Security -Health Insurance | 12.50 |
| Social Security – Unemployment Insurance | 1.5% |
Employer Payroll Tax
| Social Security -Pension and Invalid insurance | 6.00% |
| Social Security -Health Insurance | 4.00% |
| Social Security -Unemployment Insurance | 0.5% |
Payroll
Payroll Cycle
The payroll cycle is typically sent out once per month.
13th Salary
The payment of a 13th salary is not mandated by law.
Work Hours and Week
The typical workweek is only 40 hours long and consists of five days (Monday through Friday).
Overtime
The employment contract and collective agreements govern all work that is performed in excess of the required weekly hours.
Leave
Paid Time Off
According to the employment contract and labor law, employees are entitled to 20 working days of paid annual leave, but not more than 30 working days.
Public Holidays
There are 21 public holidays.
Sick Days
Every sick day is paid. Employers are responsible for covering the first month of sick leave; after that, Social Security takes over. Even if the sick leave was only for one day, a sick note must be given as soon as possible as proof of illness.
Maternity Leave
Employees who are pregnant are typically entitled to a minimum of five days of maternity leave, up to a maximum of twelve months.
Paternity Leave
Up to seven working days of unpaid leave per year are available to fathers.
Parental Leave
Up to seven working days of unpaid time off per year
Termination
Termination Process
Employers may end a fixed-term contract by providing justification. It calls for written notification and an explanation of the termination.
Notice Period
Employees must provide a minimum of seven days’ notice and a maximum of 30 days’ notice before leaving their position. Employers are required to provide a notice period of at least 14 days and up to 3 months.
Severance Pay
A severance payment is due to an employee who has worked for the same company for at least two years; the amount is typically set forth in the collective bargaining agreement.
Probation Period
Probation Period
The trial period can last no more than six months.
Immigration
Foreign nationals wishing to visit Bosnia for 90 days during any 180-day period must obtain a short-stay visa. It is possible to get this visa for one, two, or numerous entries.
VAT
The standard VAT rate in Bosnia and Herzegovina is 17%, and the VAT regime is uniform throughout the nation. In Bosnia and Herzegovina, there is no discounted VAT rate.