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Bosnia's indirect tax revenue up 9% y/y in Jan-May

Author Iskra Pavlova
Bosnia's indirect tax revenue up 9% y/y in Jan-May Budget, finance

SARAJEVO (Bosnia and Herzegovina), June 12 (SeeNews) - Indirect tax revenue in Bosnia rose 9% on the year to 3.205 billion marka ($1.9 billion/1.6 billion euro) in the first five months of 2019, the country's Indirect Taxation Authority said on Wednesday.

Following VAT reimbursement to taxpayers, the five-month net revenue totalled 2.579 billion marka, up by an annual 8%, the tax authority said in a statement.

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

Most of the money, some 1.420 billion marka, will go to the Federation, the Serb Republic will get 728 million marka, the state-level institutions will receive 306 million marka, and the remaining 78 million marka will go to Brcko.

(1 euro = 1.95583 marka)