Business Reforms in Bosnia and Herzegovina
= Doing Business reform making it easier to do business. = Change making it more difficult to do business.
Starting a Business: Bosnia and Herzegovina made starting a business easier by reducing the paid-in minimum capital requirement for limited liability companies and increasing the efficiency of the notary system.
Paying Taxes: Bosnia and Herzegovina made paying taxes easier by abolishing the tourist community fee.
Paying Taxes: Bosnia and Herzegovina introduced a penalty for failure to employ the required minimum number of people with disabilities—though it also temporarily abolished the forestry tax.
Registering Property: Bosnia and Herzegovina made it easier to transfer property between companies by computerizing the commercial registry.
Getting Credit: Bosnia and Herzegovina made access to credit information more difficult by stopping the private credit bureau’s collection of credit information on individuals.
Paying Taxes: Bosnia and Herzegovina eased the administrative burden of filing and paying social security contributions by implementing electronic filing and payment systems.
Starting a Business: Bosnia and Herzegovina made starting a business easier by replacing the required utilization permit with a simple notification of commencement of activities and by streamlining the process for obtaining a tax identification number.
Dealing with Construction Permits: Bosnia and Herzegovina made dealing with construction permits easier by fully digitizing and revamping its land registry and cadastre.
Registering Property: Bosnia and Herzegovina reduced delays in property registration at the land registry in Sarajevo.
Paying Taxes: Bosnia and Herzegovina simplified its labor tax processes, reduced employer contribution rates for social security and abolished its payroll tax.
Dealing with Construction Permits: Bosnia and Herzegovina improved its construction permitting system by reducing the time needed to register a new building at the courts and land cadastre.
Dealing with Construction Permits: Bosnia and Herzegovina made dealing with construction permits easier by speeding up procedures at the cadastre and land book registry and reducing the cost of a new telephone connection.
Registering Property: Bosnia and Herzegovina speeded up property registration by computerizing files at the land registry in Sarajevo.
Paying Taxes: Bosnia and Herzegovina made paying taxes easier and less costly for companies by reducing the corporate income tax rate, exempting profit distributions (including dividends) from taxes and allowing tax losses to be carried forward for 5 years.
Resolving Insolvency: Bosnia and Herzegovina improved the insolvency process by strengthening professional requirements for bankruptcy trustees.
Trading across Borders: Bosnia and Herzegovina made trading across borders easier by enacting a new customs law, establishing a new customs administration and implementing an electronic data interchange system.