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Sarajevo Times > Blog > BUSINESS > Revenues from indirect Taxes in Bosnia hit Record
BUSINESS

Revenues from indirect Taxes in Bosnia hit Record

Published: February 3, 2023
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Revenues from indirect taxes in BiH in January 2023 amounted to 801 million BAM and are higher by 92 million BAM or 13.05 percent compared to January 2022, when they amounted to 709 million BAM.

In January 2023, the Indirect Tax Administration (ITA) returned 194 million BAM to the economy, which is 22 million BAM more than in January of last year.

The net collected revenues that were distributed to users in January 2023, namely the state,  the entities and the Brčko District, amounted to 607 million BAM and are 71 million BAM higher than the revenues that the beneficiaries received from the Single Account in January last year.

For the financing of state institutions in January 2023, an amount of 70 million BAM was allocated, 314 million BAM to the FBiH, 169 million BAM to the RS and 17 million BAM to the Brčko District.

Based on the special toll for the construction of motorways and the construction and reconstruction of other roads (0.25 BAM), the Federation of Bosnia and Herzegovina received an additional 18 million BAM, the entity of Republika Srpska 11.9 million BAM and the Brčko District 0.6 million BAM. The difference represents a reserve in a special account for road tolls in the amount of 0.25 BAM, announced the Indirect Taxation  Administration of BiH.

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TAGGED:#bosnia#revenues#tax
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