Indirect tax revenues in the first three months of 2014 are higher by 80 million compared to last year

Indirect tax revenues in the first three months of 2014 amounted to 1 billion and 395 million KM, which is 80 million KM or 6.11% higher compared to the same period in 2013, announced the Indirect Taxation Authority of BiH, reports the BH News Agency Patria.  

In the first three months of 2014, the ITA returned 249 million KM to the economy, which is at the level of refunds made in the same period of 2013. Thus, net revenues distributed to beneficiaries, which are the state, entities, and Brčko District, amounted to 1 billion and 146 million KM, which is 80 million KM higher compared to the revenues that beneficiaries received from the Single Account in the first three months of 2013. 

The same amount as the previous year was allocated for financing state institutions in the first three months of 2014, totaling 181 million KM.

The surplus of collected indirect tax revenue in the amount of 80 million KM went to the Federation of BiH, Republika Srpska, and Brčko District.