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Reading: The Revenues of the Indirect Taxation Authority of B&H increased by 146 Million BAM
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Sarajevo Times > Blog > BUSINESS > The Revenues of the Indirect Taxation Authority of B&H increased by 146 Million BAM
BUSINESS

The Revenues of the Indirect Taxation Authority of B&H increased by 146 Million BAM

Published: August 3, 2015
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OLYMPUS DIGITAL CAMERAThe revenues from the indirect taxes in B&H for seven months of this year amounted to three billion and 591 million BAM, and are larger by 146 million BAM (4.24 percent) than in the same period in 2014, according to the data of the Inidrect Taxation Authority of B&H (ITA B&H).

For seven months of this year, the ITA returned 632 million BAM of VAT refund to the economy, which is 18 million BAM less compared to the same period last year.

The net revenue collected which went into distribution to the users, which are the state, entities and the Brcko District, in seven months of 2015 amounted to two billion and 959 million BAM and are higher by 165 million BAM compared to the revenues that the users got from the Single account for the first seven months of 2014, it was announced today by the ITA B&H.

In July this year, 577 million BAM of indirect taxes was collected, which is 29 million BAM more than in the same month last year.

For seven months in 2015, the amount of 435 million BAM was allocated for the financing of the state institutions.

The FB&H was allocated one billion 361 million BAM, of which 215 million BAM was paid for the external debt, 671 million BAM was allocated to the RS and 114 million BAM was paid for the external debt, and the Brcko District was allocated 86 million BAM, while one million BAM was paid for the external debt.

On the basis of special tolls for the highway construction (0.10 BAM) for seven months of 2015, the FB&H has received an additional 37 million BAM, the RS 24.4 million BAM, and the Brcko District 1.3 million BAM.

The difference represents a reserve on a separate account for the toll.

(Source: novovrijeme.ba/ photo uiono.ba)

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