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Bosnia's Federation Jan-July tax revenue up 1.8%

Author Iskra Pavlova
Bosnia's Federation Jan-July tax revenue up 1.8% Author: The government of Bosnia's Federation. Licence: All rights reserved.

SARAJEVO (Bosnia and Herzegovina), August 13 (SeeNews) - The tax administration of Bosnia's Federation said it has collected 3.05 billion marka ($1.74 billion/1.56 billion euro) in taxes in the first seven months of 2019, up 1.8% compared to a year earlier.

Revenue from direct taxes fell 7.3% on the year to 796.6 million marka in January-July, the entity's tax office said in a statement last week.

Revenue from contributions, on the other hand, rose 7.0% on the year to 2.1 billion marka in the January-July period on the back of higher contributions to the state pension and health insurance funds.

The Federation is one of two entities that form Bosnia and Herzegovina. The other one is the Serb Republic.

(1 euro = 1.95583 marka)