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Bosnia's indirect tax revenue up 18% y/y in Jan-Nov

Dec 2, 2022, 1:25:15 PMArticle by Dragana Petrushevska
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December 2 (SeeNews) - Total indirect tax revenue in Bosnia and Herzegovina rose 18.43% year-on-year to 9.1 billion marka ($4.9 billion/4.7 billion euro) in the January-November period, the country's indirect taxation authority said on Friday.

Bosnia's indirect tax revenue up 18% y/y in Jan-Nov
Source: Pixabay.com

The net revenue from indirect taxes after VAT refunds amounted to 7.2 billion marka in January-November, up by 884 million marka compared with the same period a year earlier, the indirect taxation authority said in a statement.

The net revenue was distributed between the state-level government, the governments of Bosnia's two constituent entities - the Federation and the Serb Republic, and Brcko district.

Additionally, the Federation received 193 million marka, the Serb Republic 127 million marka and Brcko 6 million marka from special toll revenue for the construction and reconstruction of motorways and roads.

In November alone, indirect tax revenue in the country came in at 862 million marka, up by 99 million marka compared with November 2021.

(1 euro = 1.95583 marka)

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