Political crisis in BiH has not reduced VAT revenues, budgets have more money than ever

SARAJEVO, (Patria) - Indirect tax revenues in the first five months of 2021 amounted to 3 billion and 94 million KM, an increase of 214 million KM or 7.44% compared to the same period in 2020, when they amounted to 2 billion and 880 million KM.   

In May 2021 alone, 627 million KM of indirect taxes were collected, which is 140 million KM more than in May 2020.

After the Indirect Taxation Authority of Bosnia and Herzegovina (UIO) returned 594 million KM in VAT refunds to the economy, net collected revenues distributed to beneficiaries in the first five months of 2021, namely the state, entities, and Brčko District, amounted to 2 billion and 500 million KM, an increase of 147 million KM compared to the revenues received by beneficiaries from the Single Account in the same period of 2020. 

An amount of 316 million KM was allocated for financing state institutions in the first five months of 2021. The Federation of Bosnia and Herzegovina received 1.06 billion KM in the same period, while Republika Srpska was allocated 589 million KM. Brčko District was allocated 68 million KM.

In addition to distributed revenues, based on the special toll for highway construction and the construction and reconstruction of other roads (0.25 KM), the Federation of Bosnia and Herzegovina received an additional 79.5 million KM, Republika Srpska 52.6 million KM, and Brčko District 2.7 million KM. The difference represents a reserve in a special toll account amounting to 0.25 KM.