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Bosnia's Serb Republic tax revenue rises 2% in 2019

Bosnia's Serb Republic tax revenue rises 2% in 2019 Gena96/Shutterstock.com

SARAJEVO (Bosnia and Herzegovina), January 17 (SeeNews) - The tax administration of Bosnia's Serb Republic said on Friday it has collected 2.5 billion marka ($1.4 billion/1.3 billion euro) in taxes in 2019, up 2% compared to a year earlier.

Revenue from direct taxes fell 4% on the year to 473.4 million marka last year, the entity's tax office said in a statement.

Revenue from contributions rose 4% to 1.6 billion marka in the period under review on the back of higher contributions to the state-run pension and health insurance funds.

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

(1 euro = 1.95583 marka)

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