Bosnia's Serb Republic Jan-Nov tax revenue up 15% y/y

Revenue from direct taxes reached 703.9 million marka in the first 11 months of the year, up by 109.7 million marka compared with the January-November period last year, the entity's tax office said in a statement on Monday.

Revenue from contributions increased to 2 billion marka in January-November, up by 263.6 million marka compared with the previous year. Other public revenue came in at 504.1 million marka, higher by 58.7 million marka year-on-year.

In November alone, the Serb Republic collected 286.8 million marka in taxes, up 15% compared with the same month a year earlier.

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

(1 euro = 1.95583 marka)