Indirect Tax Administration of BiH (ITA) has collected 535 million KM on Unique account, which is 7% or 33 million KM more than the same month last year.

"Moreover, this is third month when over half a billion KM was collected based on VAT, excise, customs and toll“, Chief of department for communications of ITA Ratko Kovacevic confirmed IN Banja Luka today.

Net income allocated to users after VAT refunds were also 7% higher than September 2010.

During the nine months of this year total of 4 billion and 341 million KM of indirect tax was collected, which is 7.2% more than the same period last year.

650 million KM of VAT refunds were returned to tax payers.

Three billion and 691 million KM of indirect tax were allocated to users of income from unique account of ITA in nine months of 2011, which is 5% more than the same period last year.

Indirect tax income is allocated in accordance with Law on payments on unique account and allocation of income and in accordance with decisions of Steering Board on coefficient for income allocation to entities.

514 million KM was allocated for financing of institutions of BiH, billion and 974 million for FBiH and 51 million of toll, billion and 5 million for RS and 34 million of toll and 110 million and 1.7 million KM of toll to Brcko District.