Seven months of 2015: Indirect tax revenues 3 billion and 591 million BAM

Indirect tax revenues in the first seven months of 2015 amounted to 3 billion and 591 million BAM, an increase of 146 million BAM or 4.24% compared to the same period in 2014 when they amounted to 3 billion and 445 million BAM, reports the Patria news agency.

In the first seven months of 2015, the Indirect Taxation Authority returned 632 million BAM in VAT refunds to the economy, which is 18 million BAM less compared to the same period last year.

Net collected revenues distributed to beneficiaries for the first seven months of 2015—namely the state, entities, and Brčko District—amounted to 2 billion and 959 million BAM, an increase of 165 million BAM compared to the revenues beneficiaries received from the Single Account in the first seven months of 2014.

In July 2015, 577 million BAM in indirect taxes were collected, which is 29 million BAM more compared to July 2014.

For the financing of state institutions in the first seven months of 2015, an amount of 435 million BAM was allocated.