Since November 2019 Bosnia and Herzegovina is a signatory of the the Multilateral Convention to Implement Tax Treaty Related Measures to prevent BEPS (Base Erosion and Profit Shifting).
The Convention currently consists of 1600 bilateral tax treaties, which seeks to eliminate loopholes in international tax rules, that is, the abuse of the existing network of double taxation treaties that have led to significant losses in global income tax revenue.
The Convention is the first multilateral agreement that allows the results of the OECD / G20 BEPS project to be integrated into the existing network of bilateral tax treaties. According to the OECD, the Convention makes decisions for signatory governments to close loopholes in existing international rules. These gaps allowed corporate profits to “disappear” or artificially shift into low- or no-tax environments.
The content of the Convention, additional information, the database and the views of the signatories can be found HERE.