Ten Percent less Revenues from Indirect Taxes in Bosnia and Herzegovina

Revenues from indirect taxes for the seven months of this year amounted to four billion 121 million BAM, which is 437 million BAM or 9.6 percent less compared to the same period last year, said the spokesman of the Indirect Taxation Authority of Bosnia and Herzegovina Ratko Kovacevic, adding there were lower imports and exports of goods, as well as a decline in domestic trade, because many taxpayers were closed or working at reduced capacity, N1 news portal reports.

“The biggest decline was recorded in April and May, while the revenues in June and July are approaching the revenues we had last year,” Kovacevic told reporters in Sarajevo.

The ITA BiH has launched a public campaign “Stop Smuggling” with the aim of informing citizens of BiH who have any information about indirect tax evasion and illegal trade in goods, especially tobacco products, since the value of the “black market” has increased.

Kovacevic pointed out that any sale of cigarettes without excise stamps or with excise stamps of some of the neighboring countries is illegal in BiH, which should be reported to the open line 080 02 06 07.

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