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Bosnia's indirect tax revenue up 20% y/y in Jan-July

Bosnia's indirect tax revenue up 20% y/y in Jan-July Source:

SARAJEVO (Bosnia and Herzegovina), August 3 (SeeNews) - Total indirect tax revenue in Bosnia and Herzegovina rose 20.35% year-on-year to 5.5 billion marka ($2.9 billion/2.8 billion euro) in the first seven months of the year, the country's indirect taxation authority said.

The net revenue from indirect taxes after VAT refunds amounted to 4.3 billion marka in January-July, up by 591 million marka compared with the same period a year earlier, the indirect taxation authority said in a statement on Monday.

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 119 million marka, the Serb Republic 79 million marka and Brcko 4 million marka from special toll revenue for the construction and reconstruction of motorways and roads.

In July alone, indirect tax revenue in the country came in at 827 million marka, up by 87 million marka compared with July 2021.

(1 euro = 1.95583 marka)