Indirect tax revenues in first four months amount to 2 billion and 25 million

Indirect tax revenues in the first four months of 2016 amounted to 2 billion and 25 million KM, which is 61 million KM or 3.12% more compared to the same period in 2015 when they amounted to 1 billion and 964 million KM, announced the Indirect Taxation Authority, as reported by patria.

In April 2016 alone, 534 million KM in indirect taxes were collected, which is 13 million KM more compared to April 2015.

After VAT refunds to taxpayers, which in the first four months of 2016 amounted to 340 million KM, net collected revenues distributed to beneficiaries during 2016, namely the state, entities and Brčko District, amounted to 1 billion and 685 million KM, which is 73 million KM more compared to the revenues beneficiaries received from the Single Account in the same period of 2015.

For financing state institutions in the first three months of 2016, an amount of 246 million KM was allocated, identical to several previous years. The remaining funds ended up in entity treasuries as follows: Federation of BiH a total of 903 million KM, Republika Srpska 470 million KM, and Brčko District 50 million KM.

Based on the special toll for highway construction (0.10 KM) in the first four months of 2016, the Federation of BiH received an additional 21.2 million KM, Republika Srpska 14 million KM, and Brčko District 0.7 million KM. The difference represents a reserve in the special toll account in the amount of 0.10 KM.