Federation of Bosnia and Herzegovina Extends Tax-Exempt Financial Assistance to Employees to End of 2026

The Government of the Federation of Bosnia and Herzegovina has issued a press release regarding an extension of the exemption policy for financial assistance payment to employees, which is meant to help mitigate the impact of increases in the cost of living. As previously reported, a regulation approved in February 2025 allowed employers to make a financial assistance payment to employees of up to BAM 450 per month without triggering individual income tax or social security contributions unt…