Bosnia and Herzegovina is an upper middle-income country which has accomplished a great deal since the mid-1990s. Today, it is an EU potential candidate country and is now embarking on a new growth model amid a period of slow growth and the global financial crisis. Bosnia and Herzegovina. Overview. There is no reduced VAT rate in Bosnia and Herzegovina. See the Other taxes section in the Corporate summary for more information. Property taxes FBiH property taxes. In the Federation of Bosnia and Herzegovina, the cantonal laws determine the property tax rate according to the value and size of the immovable property. RS property taxes 3. Bosnia and Herzegovina - GDP per capita (PPP): $18,956 Woman begging on the street in the center of Mostar, Bosnia and Herzegovina. Image credit Mike Mareen via Shutterstock. Population: 3,443,000; GDP per capita (PPP): $18,956; GNI per capita: $6,810; Bosnia and Herzegovina is one of the poorest countries in Europe. It has endured a legacy The first state in modern-day Bosnia and Herzegovina was in the Middle Ages. During the Ottoman Empire, it was a very important province in the Balkans and the capital, Sarajevo, had 100,000 people. In the Russo-Turkish War (1877–1878), Austria-Hungary occupied Bosnia and Herzegovina and annexed it in 1908. In 1914 the Archduke Ferdinand and According to UNICEF, an estimated 170,000 children in Bosnia and Herzegovina are poor. A 2015 study conducted by UNICEF found that the majority of children (75 percent) ages five to 15 are deprived of one or more basic life necessities, such as nutrition, educational resources and housing. Children in rural areas are even more likely to be JLS1S.