ECONOMY

Isović: FB&H Tax Administration collected three percent less revenues in 2020

The largest amount of public revenues was collected in the Sarajevo Canton

H. J. I. / Fena

When it comes to the structure of public revenues, the majority comes from the salaries contributions in the amount of 3.64 billion KM, followed by income and profit tax in the amount of 355 million KM

Foto: Fena


The Tax Administration of the Federation of Bosnia and Herzegovina collected 5.14 billion KM of public revenues last year.

The Director of the Tax Administration, Šerif Isović, stated at a press conference held in Sarajevo today, that compared to the year before, there was a decrease in the collection of the revenues in the amount of 157 million KM or 2.98 percent.

He specified that, when it comes to the structure of public revenues, the majority comes from the salaries contributions in the amount of 3.64 billion KM, followed by income and profit tax in the amount of 355 million KM.

-The drop in the collection of contributions that support the pension and health care systems was less than one percent, which could be seen as a success in such a political and economic environment- said Isović.

He pointed out that the largest amount of public revenues was collected in the Sarajevo Canton, in which case, in 2020, a drop of 3.2 percent was recorded, but at the end of the year, the amount came to 1.94 billion KM.

Isović stated that this canton participates with 37.9 percent in the total collected public revenues in FBiH, while the Posavina Canton participates the least, with 0.97 percent.

-In the Tuzla Canton in 2020, the collection of revenues increased by two percent, due to the collection of certain liabilities from the past period, while the largest drop was recorded in the Zenica-Doboj and the Herzegovina-Neretva cantons with a little more than six percent- noted Isović.

He emphasized that the Tax Administration executed more than 5,600 controls in 2020, in which more than 183 million KM of unpaid tax liabilities were uncovered, which is why fines in the total amount of 5.97 million KM were issued against 3,095 taxpayers.

-Also, we were forced to submit 40 reports on execution of criminal offenses of tax evasion with estimated value exceeding 5.6 million KM- Isović underlined.

He added that the received debt on the basis of tax obligations exceeded three billion KM, and that this debt would inevitably grow without certain systemic solutions.

NA VRH

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