Bosnia and Herzegovina indirect tax revenues reach 10.7 billion KM

The Indirect Taxation Authority of Bosnia and Herzegovina reported that indirect tax revenues reached 10.705 billion KM during the first ten months of the year. This figure represents a 6.12 percent increase, or 617 million KM, compared to the same period last year.

After issuing 1.821 billion KM in VAT refunds to taxpayers, net revenues distributed to state institutions, entities, and the Brčko District totaled 8.883 billion KM, an increase of 7.48 percent year-on-year. In October alone, 1.137 billion KM was collected, which is 56 million KM more than in October of the previous year.

Of the total collected, 846 million KM was allocated to finance institutions at the Bosnia and Herzegovina state level. The remaining funds were distributed to the entities and the Brčko District. The Federation of Bosnia and Herzegovina received 4.938 billion KM, Republika Srpska received 2.765 billion KM, and the Brčko District received 278 million KM from the unified account.