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.

Related Articles

Freedom House keeps “partly free” status for Macedonia despite new government’s efforts

Macedonia was rated only “partly free” in the latest report from international watchdog Freedom House, the same almost all of the six Western Balkan countries, despite efforts by the ... more

World Bank loan aims to revitalise Republika Srpska's little-used railways

The World Bank said it is lending $51.3mn to Bosnia & Herzegovina’s smaller entity, Republika Srpska, ... more

Bosnia’s constitutional court allows policemen to keep their beards

The constitutional court of Bosnia & Herzegovina ruled on November 30 that a regulation obliging border policemen to shave their beards violates their ... more

Dismiss