By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Sarajevo TimesSarajevo TimesSarajevo Times
  • HOME
  • POLITICS
    • BH & EU
  • BUSINESS
  • BH TOURISM
  • INTERVIEWS
    • BH & EU
    • BUSINESS
    • ARTS
  • SPORT
  • ARTS
    • CULTURE
    • ENTERTAINMENT
  • W&N
Search
  • ABOUT US
  • IMPRESSUM
  • NEWSLETTER
  • CONTACT
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Reading: 133 million BAM collected from Excise Duties in Four Months
Share
Font ResizerAa
Sarajevo TimesSarajevo Times
Font ResizerAa
  • HOME
  • POLITICS
  • BUSINESS
  • BH TOURISM
  • INTERVIEWS
  • SPORT
  • ARTS
  • W&N
Search
  • HOME
  • POLITICS
    • BH & EU
  • BUSINESS
  • BH TOURISM
  • INTERVIEWS
    • BH & EU
    • BUSINESS
    • ARTS
  • SPORT
  • ARTS
    • CULTURE
    • ENTERTAINMENT
  • W&N
Follow US
  • ABOUT US
  • IMPRESSUM
  • NEWSLETTER
  • CONTACT
© 2012 Sarajevo Times. All rights reserved.
Sarajevo Times > Blog > OUR FINDINGS > OTHER NEWS > 133 million BAM collected from Excise Duties in Four Months
OTHER NEWS

133 million BAM collected from Excise Duties in Four Months

Published: June 7, 2018
Share
SHARE

On the special account of the Central Bank of BiH was collected a total of 133 million BAM in the period from February 1, when the new set of laws on excise duties came into force, and the end of May, as confirmed from the Indirect Taxation Authority (ITA) BiH.

These are funds collected on the basis of allocating 0.25 BAM per liter of fuel, which are subsequently divided between entities, i.e. entity enterprises that are responsible for the construction and maintenance of highways and roads. The amount is accumulating, but the Board of Directors of ITA BiH has not made a decision on coefficients for the allocation of these funds to users.

The Board of Directors of ITA BiH did not manage to agree on the allocation of this money for nine years, and they keep making temporary decisions. With these temporary decisions, the money was distributed in the way that 59 % of the amount was allocated to the FBiH, 39 % to the RS, and 2 % to Brcko District. According to the opinion of Managing Board from the FBiH, this way is unfair and harmful for this entity and they refused to accept these coefficients. Since there is no agreement on this issue, the money will stay on the special account of the Central Bank of BiH.

“The fact that over 20 % of the total assets is collected in the territory of the RS, and according to the allocation it should be much more. It is simply not an acceptable mechanism,” said professor at the Faculty of Economics in Sarajevo, Muris Cicic.

The import of fuels in BiH is also indicative, i.e. imports by entities. According to the data of the Agency for Statistics of BiH, a fuel in the amount of 199.336.881 BAM was imported in our country in the period from February to April this year. At the same time, data from the Federal Bureau of Statistics shows that 192.296.000 BAM worth fuel was imported in the FBiH, which is more than 96 % of total imported fuel in BiH.

The funds will be accumulated on the special account until the coefficients for their allocation are finally determined.

(Source: faktor.ba)

 

25 Vehicles that were confiscated from Violators of Traffic Regulations were destroyed
Mostar Praised in Miami Herald
Statement of EU Heads of Missions in BiH on the occasion of Climate Diplomacy Week
Security Agencies in BiH suspected of Tax Evasion and Fraud
Christians in Bosnia-Herzegovina mark the Time of 40 days of a Special Form of Obedience Preparation
TAGGED:#BiH#funds#infrastructurecoefficientexcise dutiesITA BiHspecial accountthe Law on Excise Duties
Share This Article
Facebook Whatsapp Whatsapp Telegram Threads Bluesky Email Print
Share
What do you think?
Love0
Sad0
Happy0
Sleepy0
Angry0
Dead0
Wink0
Previous Article Sarajevo on the List of the most popular Destinations for Local Food Tasting
Next Article Production of Coats for the French Market started in Trebinje
Leave a Comment Leave a Comment

Leave a Reply Cancel reply

You must be logged in to post a comment.

Stay Connected

10.2KFollowersLike
10.1KFollowersFollow
414FollowersFollow

Latest News

Judo Tournament Sarajevo European Open 2026 has started
July 18, 2026
“The Truth about the Crime in Vrbanja must be preserved, and those Responsible prosecuted”
July 18, 2026
BH Journalists strongly condemn the new Verbal Attack on Journalist Avdo Avdic
July 18, 2026
BiH National Team in Sitting Volleyball returns to Sarajevo with World Silver
July 18, 2026
Halisa Cengic, Lawyer with a Big Heart, Gives the Gift of Her Voice to the Library for the Blind
July 18, 2026
FHMZ issues an Orange Warning over High Temperatures in Herzegovina
July 18, 2026
European Investigators present Documentation from Autoceste FBiH; the Company admits past Problems exist
July 18, 2026
Bishops in BiH reiterate their Request for the Reform of the Electoral Law
July 18, 2026
Two Exhibitions on the International Day of Remembrance of the Genocide in Srebrenica presented at the UN HQ
July 18, 2026
Ibrahimovic Makes a Bold Prediction about the World Cup Finals
July 18, 2026
Sarajevo TimesSarajevo Times
Follow US
© 2012 Sarajevo Times. All Rights Reserved.
  • ABOUT US
  • IMPRESSUM
  • NEWSLETTER
  • CONTACT
Go to mobile version
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?