Indirect tax revenues in BiH down by 667 million KM

(Patria) - Indirect tax revenues for the period January - October 2020 amounted to five billion and 979 million KM, which is 667 million KM or 10.03 percent less compared to the same period in 2019, when they amounted to six billion and 646 million KM.

As announced by the Indirect Taxation Authority (UIO) of Bosnia and Herzegovina, in October this year alone, 652 million KM of indirect taxes were collected, which is 57 million KM or 8.04 percent less compared to October 2019.

After the UIO returned one billion and 72 million KM of VAT refunds to businesses in the ten months of 2020, the net collected revenues distributed to beneficiaries for the period January - October 2020, namely the state, entities, and Brčko District, amounted to four billion and 907 million KM, which is 524 million KM or 9.65 percent less compared to the revenues received by beneficiaries from the single account in the same period of 2019.

For the financing of state institutions for the period January - October 2020, an amount of 647 million KM was distributed, identical to last year.

The Federation of Bosnia and Herzegovina received a total of two billion and 661 million KM from the UIO single account in the ten months of 2020, which is 384 million KM or 12.61 percent less compared to the same period in 2019.

The Republika Srpska received a total of one billion and 418 million KM from the UIO single account in the ten months of 2020, which is 136 million KM or 8.75 percent less compared to the same period in 2019.

Brčko District received a total of 145 million KM from the UIO single account in the ten months of 2020, which is 20 million KM or 12.12 percent less compared to the same period in 2019, announced the UIO of Bosnia and Herzegovina.