Revenues from indirect taxes last year amounted to 11 billion and 541 million BAM and are 901 million BAM higher or 8.47 percent compared to the same period in 2023 when they amounted to 10 billion and 640 million BAM.
The Indirect Taxation Administration collected the largest amount of indirect taxes since the establishment of the institution.
There was no increase in indirect tax rates last year, but the growth in revenues was partly due to inflationary trends and partly to activities undertaken by the ITA, the institution stated.
Beneficiaries received as much as 1 billion and 15 million more compared to 2023.
After collecting revenues from indirect taxes, the ITA first refunds VAT to taxpayers who have exercised the legal right to a refund, and on that basis, the Administration returned 2 billion and 91 million BAM to the economy in 2024. The rest of the collected revenues went to distribution to beneficiaries.
“Thus, the net collected revenues that went to the distribution of users in the period January-December 2024, namely the state, entities and the Brčko District, amounted to 9 billion and 449 million BAM and are 1 billion and 15 million BAM higher than the revenues that users received from the Single Account for the same period in 2023,” the ITA stated.
The surplus revenues mostly ended up with the entities and the Brčko District
An amount of 1 billion and 20 million BAM was allocated for financing state institutions in 2024. A total of 5 billion and 185 million BAM was allocated to the Federation of BiH, 2 billion and 905 million BAM to the Republika Srpska and 291 million BAM to the Brčko District.
Based on the special toll for the construction of highways and the construction and reconstruction of other roads (0.25 BAM), the Federation of BiH received an additional 241 million BAM, the Republika Srpska 159 million BAM and the Brčko District 8 million BAM.
