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Banking

Entities reach temporary accord on indirect tax receipts distribution.

Entities reach temporary accord on indirect tax receipts distribution. RS and FBiH finance ministers Aleksandar Dzombic and Dragan Vrankic reached temporary agreement on the coefficients for distributing the indirect tax receipts from the single account at the Indirect Tax Authority (ITA), FENA informed quoting RS finance ministry spokesperson Radmila Mihic. According to the accord reached, RS would receive 31.2% of the indirect taxes revenues, FBiH – 65.7% and District Brcko – 3.1%. However, these coefficients would be applied only for November with the sole aim of unblocking the single account, Mihic noted. We recall that on Nov 1 ITA has halted once again the allocation of indirect tax revenues from the single account to FBiH, RS and Brcko District, as Dzombic and Vrankic have failed to agree on the coefficients for allocation in November and December.

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