UIO: 369 million KM less revenue from indirect taxes

(Patria) - Revenue from indirect taxes in the first six months of 2020 amounted to 3 billion and 442 million KM, which is 369 million KM or 9.6% less compared to the same period in 2019, when it
amounted to 3 billion and 811 million KM. After the Indirect Taxation Authority (UIO) refunded VAT to taxpayers entitled to a refund in the amount of 632 million KM, net collected revenues distributed to beneficiaries in the first six months of 2020, namely the state, entities, and Brcko District, amounted to 2 billion and 810 million KM, which is 254 million KM less compared to the revenues received by beneficiaries from the Single Account in the same period of 2019.

In June 2020 alone, 562 million KM of indirect taxes were collected, which is 44 million KM less compared to June 2019.

For the financing of state institutions in the first six months of 2020, an amount of 368 million KM was allocated. Based on the special toll for highway construction and the construction and reconstruction of other roads (0.25 KM), the Federation of Bosnia and Herzegovina received an additional 94.8 million KM, Republika Srpska 62.6 million KM, and Brcko District 3.2 million KM. The difference represents a reserve on a special toll account in the amount of 0.25 KM.