A New Law on Economic Incentives in Republic of Srpska

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new-law_economic-incentives

A New Law on Economic Incentives in Republic of Srpska

As of 1 July 2019, employers from the Republic of Srpska who increase salaries to their employees shall receive a refund of 30 % or 70 % of contributions/money paid for this increase.

This has been regulated with the new Law on Economic Incentives in the Republic of Srpska. The idea was to reduce the amount of taxes and contributions paid by employers when they increase the salary to employees, and to attract new investments in the Republic of Srpska.

As of 1 July 2019, employers from the Republic of Srpska who increase salaries to their employees shall receive a refund of 30 % or 70 % of contributions/money paid for this increase.

This has been regulated with the new Law on Economic Incentives in the Republic of Srpska. The idea was to reduce the amount of taxes and contributions paid by employers when they increase the salary to employees, and to attract new investments in the Republic of Srpska.