The Ministry of Economy and Entrepreneurship of the Republic of Srpska reminds all business subjects that have increased the salaries of workers in the period January-June 2021 of the opportunity to submit a Request for incentives to increase salaries by August 30, 2021 at the latest.

Business subjects can submit the Request electronically, via the e-incentive application at the website of the Ministry of Economy and Entrepreneurship, after which they need to submit to the Ministry, in writing, a printed, signed and certified first page of the Request with a bar code, all of which makes the request deemed submitted.

The Ministry of Economy and Entrepreneurship of the Republic of Srpska has so far received 230 Requests of business subjects for incentives to increase the salaries of workers for the accounting period January-June 2021.

The aim of this measure is to eliminate the gray zone in the area of ​​payment of workers’ salaries and to reroute the entire amount of money that the worker receives from the business entity into legal flows. This measure provides the continuity of activities to combat the shadow economy, as well as to improve the position of workers and the unemployed, and to improve the overall business environment.

It should be reminded that companies and entrepreneurs who are entitled to incentive funds, are those which have increased the salaries of employees in relation to the starting salary from March 2019, and meet the general and special conditions of the Law on Incentives in the Economy of the Republic of Srpska, while the amendment to the law also introduced the possibility that an economic entity can exercise the right to incentives for workers with whom it has established an employment relationship after March 2019. In this regard, economic entities can exercise the right to incentives for the accounting period January-June 2021 and for employees employed no later than July 1, 2020 to which they increased their salary in relation to the period of the initial salary prescribed by the Law on Incentives in the Economy of the Republic of Srpska.

In accordance with the Law on Incentives in the Economy of the Republic of Srpska, about 13 million KM have been paid to economic entities in the Republic of Srpska so far as incentives for increasing the salaries of workers.