Largest amount since the establishment of the Administration: 562 million KM of taxes collected in BiH in June

Revenues from indirect taxes in Bosnia and Herzegovina in the first six months of 2016 amounted to 3 billion and 106 million KM, an increase of 93 million KM or 3.09 percent compared to the same period in 2015.

The Indirect Taxation Authority of BiH explains that in June 2016 alone, 562 million KM of indirect taxes were collected, which is 24 million KM more than in June 2015, and represents the largest amount of indirect taxes collected in June since the establishment of the ITA.

For the financing of state institutions in the first six months of 2016, an amount of 371 million KM was allocated, identical to previous years. The remaining funds went to the entity treasuries: the Federation of BiH a total of 1 billion and 395 million KM, Republika Srpska 726 million KM, and Brčko District 77 million KM, writes NAP.