INDIRECT TAX REVENUES REACH BAM 10.7 BILLION IN FIRST 10 MONTHS

BANJA LUKA, NOVEMBER 2 /SRNA/ – Indirect tax revenues amounted to BAM 10.705 billion in the first ten months of this year, an increase of BAM 617 million, or 6.12 per cent, compared to the same period last year, the Indirect Taxation Authority of BiH announced.

During the first ten months, the Authority refunded a total of BAM 1.821 billion in VAT to taxpayers who were legally entitled to refunds.

Net revenues collected and distributed among the beneficiaries – BiH, Republika Srpska, the FBiH and Brčko District – amounted to BAM 8.883 billion, representing an increase of 7.48 per cent compared to the same period last year.

In October this year, BAM 1.137 billion in indirect taxes was collected, which was BAM 56 million more than in the same month last year.

A total of BAM 846 million was allocated to finance institutions at the BiH level during the first ten months, while the remaining indirect tax revenues went to the entities and Brčko District.

"The FBiH received BAM 4.938 billion from the Single Account, Republika Srpska received BAM 2.765 billion, and Brčko District received BAM 278 million," the statement said.

Under the special road toll levy for the construction of motorways and the construction and reconstruction of other roads, the FBiH received an additional BAM 206 million, Republika Srpska BAM 136 million, and Brčko District BAM 7 million. The remaining amount represents funds held in a dedicated reserve account for the BAM 0.25 per litre fuel levy.