FBiH Government Accepts Initiative to Increase Excise Duties

The Government of the Federation of BiH today, at its 13th emergency session held by phone, adopted a Conclusion accepting the text of the initiative to increase excise duties on oil derivatives, beer and cigarettes, which were agreed upon by the Prime Minister of the Federation of BiH Fadil Novalić and the Prime Minister of the RS Željka Cvijanović. The initiative will be forwarded to the Management Board of the Indirect Taxation Authority of Bosnia and Herzegovina, reports the Patria news agency.

The initiative states that the entity prime ministers, at a joint meeting held on September 9 this year in Sarajevo, agreed to introduce an additional excise duty on oil derivatives, which would be earmarked for highways and roads, and a special excise duty on beer and cigarettes, which would be dedicated revenue for health insurance funds.

Texts have also been prepared for the Law on Amendments to the Law on Excise Duties in BiH, the Law on Amendments to the Law on Payments to the Single Account and Revenue Distribution, and the Law on Amendments to the Law on the System of Indirect Taxation in BiH, which can serve as a basis for members of the UINO Management Board and representatives of finance ministries in harmonizing the final proposal text.

In the written initiative, entity prime ministers Fadil Novalić and Željka Cvijanović propose to the Management Board of this institution to task experts/members of the Management Board, together with representatives of finance ministries, to conduct additional analyses, to prepare the final text of amendments to the necessary legal solutions within seven days, and to submit them to this board for consideration.