Bosnia’s Federation public revenue rises 6.1% y/y to EUR 305mn in Jan-Feb 2014

By bne IntelliNews March 19, 2014

Bosnia’s Federation public revenue grew 6.1% y/y to BAM 596.4mn (EUR 304.9mn) in January-February 2014, the entity’s tax administration said.

Direct tax revenue increased by 9.6% y/y (BAM 14.1mn) to BAM 161.2mn in the first two months of the year. Income tax collections rose 6.3% y/y (BAM 2.62mn) to BAM 44.4mn, whereas profit tax proceeds stood at BAM 18.5mn, the statement read.

Social contributions, which accounted for a 73% share in total public revenue, grew by 4.8% y/y to BAM 435.2mn. Retirement insurance contributions went up by 5% y/y to BAM 240.9mn in January-February. Unemployment insurance contributions totalled BAM 19.7mn and health insurance contributions stood at BAM 174.6mn, the tax administration said without giving annual comparison figures.

Bosnia’s Federation public revenue rose by 2.7% y/y to BAM 3.61bn (EUR 1.84bn) in 2013 reflecting higher direct tax collections.

The Federation together with the Serb Republic makes up Bosnia.

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