590 million KM of indirect taxes collected in November

Indirect tax revenues in the first eleven months of 2016 amounted to 6 billion and 49 million KM, an increase of 232 million KM or 4% compared to the same period in 2015, when they amounted to 5 billion and 817 million KM.

In November 2016 alone, 590 million KM of indirect taxes were collected, which is 52 million KM more than in November 2015.

After VAT refunds to taxpayers, which amounted to 999 million KM in the first eleven months of 2016, net collected revenues distributed to beneficiaries in the period 01.01-30.11.2016, namely the state, entities, and Brčko District, amounted to 5 billion and 50 million KM, an increase of 216 million KM compared to revenues received by beneficiaries from the Single Account in the same period of 2015.

An amount of 686 million KM was allocated for financing state institutions in the period 01.01-30.11.2016. The remaining funds went to entity treasuries: a total of 2 billion and 756 million KM to the Federation of BiH, 1 billion and 428 million KM to Republika Srpska, and 151 million KM to Brčko District.