News

Law on Amendments to the Law on Income Tax

Tax Alert, September 2013

The Law on Amendments to the Law on Personal Income Tax (hereinafter “Law”) was published in the Official Gazette of the Federation of Bosnia and Herzegovina (hereinafter “FBiH”) no. 65/13 of the 23rd August 2013 and entered into force on the 24th August 2013.

According to the amendments to the Law, the regulations on personal income tax from lotteries and games of chance, which were deleted in the Law on Amendments to the Law on Income Tax ("Official Gazette of the FBiH", no. 7/13), entered into force again. Article 12 of the Law on Amendments to the Law on Personal Income Tax (“Official Gazette of the FBiH”, no, 7/13) stipulated that regulations relating to personal income tax from lotteries and games of chance shall cease to apply from the date the Law on Games of Chance enters into force, but at latest after six months from the date this law came into force.

As the Law on Games of Chance did not enter into force at the end of the period of six months, from the date the Law on Amendments to the Law on Personal Income Tax came into force (“Official Gazette of the FBiH”, no. 7/13), the regulations on personal income tax from lotteries and games of chance, which were deleted, shall apply again.

Did you find this useful?