- Possible changes in the taxation of meal allowance in the FBiH - Changes to the Criminal Law of Bosnia and Herzegovina - Double Taxation Treaty between Bosnia and Herzegovina and Estonia has been initialed

In the sitting of 27 May 2010 the House of Peoples of the Parliament of the Federation of Bosnia and Herzegovina adopted a proposal to subject to personal income tax daily allowances for hot meals in excess of 1% of the average FBiH salary and to apply the relevant social security contributions. The House of Representatives of the Parliament of the Federation of Bosnia and Herzegovina should vote on this proposal, and, should it adopt the proposal, the taxation of hot meal allowances according to new rules would come into force.

Transfer pricing provisions have been included in taxation legislation of both BiH entities prior to the recent reform of direct taxes. However, after the recently implemented reform, as well as the market growth and an increase in the volume of international transactions, transfer pricing is becoming an increasingly important topic for both taxpayers and local Tax Authorities.

We have pleasure in inviting you to KPMG’s seminar "Transfer pricing – practical approach" that will take place at the Business center UNITIC, Meeting room number 8 on 17 December 2009 from 9 am until 11:30 am

KPMG International’s 2009 Corporate and Indirect Tax Rate Survey illustrates a milestone in global tax policy, as governments – driven by the need for more revenue – are implementing proactive measures to increase the tax take from both indirect taxes and the tax base for corporate income taxes.

KPMG’s report on key transfer pricing issues as the world emerges from recession can help tax departments appreciate the longer-term and global perspective necessary to achieving results today and exploiting change beyond the current climate for enduring benefit. A collection of articles from leading transfer pricing professionals at KPMG member firms, the report highlights the need to take a careful look at the guidance from tax authorities, as well as current practices, in order to redraw transfer pricing policies in the new and different economic environment.

KPMG’s Global Transfer Pricing Review can help multinational companies stay current with rapidly-changing transfer pricing rules worldwide. Compiled from information supplied by KPMG member firms, the Review offers detailed information on transfer pricing regulations in 60 countries.

We are starting to see signs of recovery across the world. Whilst some businesses are still battling for survival, most companies are starting to think about what their next steps and how they will make the most of opportunities that will certainly arise in the near future. The fourth issue of Agenda includes a number of thoughts on the road to recovery, including advice on managing change and the uncertainty of how governments will play their roles.

While the business landscape has changed in the past two years, the challenges for many financial services companies should be familiar: developing a competitive business model, managing risk, building a winning brand and competing profitably and cost-effectively. Our publication focuses on how they adapt to address these challenges in the new environment.

The changing nature of business coupled with the current market turmoil has made it imperative for the finance function to evolve further and create greater value in organizations. As global businesses undergo significant changes, the finance function will be expected to play a more diverse and strategic role than ever before. The paper also draws up a vision of what the finance function might look like by the year 2020 where finance professionals will play the role of a strategist in business decisions.

The continuing downturn brings serious challenges for CFOs as they strive to protect their businesses to survive the turmoil, while making strategies for the future. Key challenges include finding sources of capital, maintaining performance and looking for ways to cut costs - all these issues are explored in depth in this third issue of the magazine.

To help our clients amidst the circumstances of the global economic slowdown, we offer services focusing on accounting advisory, financial restructuring, cost and liquidity management, business process improvement and tax efficiency, among others.
KPMG’s response to the financial crisis
Financial Times-KPMG series - Managing in a Downturn
Risk management in banking beyond the credit crisis
The importance of preserving cash in a downturn
Doing Deals in Tough Times

Despite the continued fall-out from the financial crisis across the banking industry, it appears that not enough institutions are planning to make fundamental changes to their risk frameworks.

This edition of frontiers in finance explores the challenges being faced in the midst of the economic crisis, while highlighting the importance of looking ahead and dealing with aspects of the future. We look at the benefits of a customer-centric approach for fund managers in the current market; Frank Ellenburger, Global Head of Insurance, discusses the storms facing the insurance industry, and what's next.

KPMG EU and government group has compiled this brochure for summarising EU budget allocation plans and potential focus areas of 10 EU member countries of the CEE region for the 2007-13 period. The study also includes a comparison of the participating countries from the point of view of similarities and substantial differences in EU resource allocation patterns.

The latest edition of frontiers in finance, our financial services thought leadership publication focuses on people management and the importance of people in the financial services industry.

A cross-border survey providing insights into personal tax trends. Drawing on our network of professionals from firms around the world, International Executive Services has pulled together personal income tax rates from 87 countries for each of the past six years.

A new publication from the Global Transfer Pricing Services (GTPS) practice. The publication focuses on transfer pricing controversy issues and resolution alternatives. Publication presents 39 authors from 19 countries.

The second edition of frontiers in tax is designed to interest, challenge and stimulate financial services tax professionals by focusing specifically on the tax issues facing the global financial services executive.

New KPMG International survey finds evidence for shift in balance of global economic power A new survey finds evidence for shift in balance of global economic power. These conclusions come from a global survey of corporate investment plans carried out by KPMG International. Corporate investment strategists from over 300 of the largest multinational companies in 15 major economies were asked where they plan to invest in the next 12 months and in five years’ time.

KPMG in Central and Eastern Europe's Energy and Utilities Center of Excellence, based in Budapest, has published its Central and Eastern European Renewable Electricity Outlook 2008, highlighting the most important trends affecting the region's renewable generation sector.