Indirect tax revenues in the first nine months of 2017 amounted to 5.2 billion KM

Indirect tax revenues in the first nine months of 2017 amounted to 5 billion and 226 million KM, an increase of 362 million KM or 7.43% compared to the same period in 2016, when they amounted to 4 billion and 864 million KM, the Indirect Taxation Authority of BiH announced, reports Patria News Agency.

In September 2017 alone, approximately 637 million KM of indirect taxes were collected, which is 40 million KM more than in September 2016.

After tax refunds to taxpayers, which amounted to 935 million KM in the first nine months of 2017, net collected revenues distributed to beneficiaries in the period from January 1 to September 30, 2017, namely the state, entities, and Brčko District, amounted to 4 billion and 291 million KM, an increase of 228 million KM compared to the revenues received by beneficiaries from the Single Account in the same period of 2016.

An amount of 560 million KM was allocated for financing state institutions in the period from January 1 to September 30, 2017. The Federation of BiH received an allocation of 2 billion and 396 million KM.

A total of 1 billion and 218 million KM was allocated to Republika Srpska. The Brčko District received an allocation of 131 million KM. The growth in indirect tax revenues covered the increase in external debt installments in 2017.

In addition to distributed revenues, based on the special toll for highway construction (0.10 KM) in the period from January 1 to September 30, 2017, the Federation of BiH received an additional 60.3 million KM, Republika Srpska 39.8 million KM, and the Brčko District 2 million KM.

The difference represents a reserve in a special account for tolls of 0.10 KM.