Indirect Taxes in Bosnia and Herzegovina amount to 4 Billion BAM

December 8, 2019 4:15 PM

 

In the first seven months of 2019, indirect taxes amounted to 4 billion and 558 million BAM and have increased by 292 million BAM or 6.84% compared to the same period in 2018 when they were at 4 billion and 266 million BAM.

After the ITA refunded VAT to taxpayers in BiH in the amount of 882 million BAM, the collected net revenues allocated to users in the first seven months of 2019, the users being the State, the Entities and the Brčko District, amounted to 3 billion and 676 million BAM and are 200 million BAM higher than the revenues received by the users in the same period of 2018 from the Single Account.

An amount of 432 million BAM was allocated for the financing of State institutions in the first seven months of 2019.

The Federation of BiH was allocated the amount of 2 billion and 57 million BAM, the Republic of Srpska 1 billion and 48 million BAM and the Brčko District 112 million BAM.

Revenues from indirect taxes in the first three months of 2019 amounted to 1 billion and 823 million BAM, up to 122 million BAM or 7.17 percent more compared to the same period of 2018, when it amounted to 1 billion and 701 million BAM.

In the first three months of 2019, the Indirect Taxation Authority returned 351 million BAM, which is by 32 million BAM more than in the same period last year.

The net revenues collected for distribution to users in the first three months of 2019, to the state, entities and the Brcko District, amounted to 1 billion and 472 million BAM and are higher by 90 million BAM than the revenues from the Single account users received in the same period in 2018.

For the financing of state institutions, in the first three months of 2019, the amount of 181 million BAM was allocated.

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