ITA BiH: Revenues for seven months higher by 113 million KM than last year

Revenues from indirect taxes in the first seven months of 2014 amounted to 3 billion and 445 million KM, which is 113 million KM or 3.39% more compared to the same period in 2013 when they amounted to 3 billion and 332 million KM, announced the Indirect Taxation Authority of BiH, as reported by the Bosnian news agency Patria.

In July alone, 549 million KM of indirect taxes were collected, which is 39 million KM more compared to July 2013.

The ITA returned 650 million KM in VAT refunds to the economy in the first seven months of 2014, which is 79 million KM more compared to the same period last year.

For the financing of state institutions in the first seven months of 2014, the same amount as the previous year was allocated, totaling 432 million KM.