You have 10 free articles left this month. Get your freeBasic subscription now and gain instant access to more.

Bosnia's Jan-Aug indirect tax revenue up 6.2% y/y

Bosnia's Jan-Aug indirect tax revenue up 6.2% y/y Author: Radomir Ralev

SARAJEVO (Bosnia and Herzegovina), September 6 (SeeNews) - Indirect tax revenue in Bosnia rose 6.2% on the year to 5.259 billion marka ($3.0 billion/2.7 billion euro) in the first eight months of 2019, the country's Indirect Taxation Authority said on Friday.

Following VAT reimbursement to taxpayers, the eight-month net revenue totalled 4.266 billion marka, up 6.1% year-on-year, the tax authority said in a statement.

The net revenues will be distributed to the state-level government, to Bosnia's two constituent entities - the Federation and the Serb Republic, and to the Brcko district.

Most of the money, 2.39 billion marka, will go to the Federation, the Serb Republic will get 1.22 billion marka, the state-level institutions will receive 496 million marka, and the remaining 130 million marka will go to Brcko.

(1 euro = 1.95583 marka)