By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Sarajevo 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
Aa
Sarajevo Times
Aa
  • 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

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)

 

You Might Also Like

Critical Demographic Decline recorded in BiH

BiH FM sends a Demarche to the Ministry of Foreign Affairs of Israel

In search of the Purpose of the newly established Team for Cooperation between BiH and China

Government of FBiH allocates 39 Million BAM to Municipalities and Cities

Israel thanked Dodik and Covic for their Support in the Conflict with Islamic Jihad

TAGGED: #BiH, #funds, #infrastructure, coefficient, excise duties, ITA BiH, special account, the Law on Excise Duties
Amina Dzaferovic June 7, 2018
Share this Article
Facebook Twitter Whatsapp Whatsapp Telegram 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

10.2k Followers Like
10.1k Followers Follow
414 Followers Follow

Latest News

Critical Demographic Decline recorded in BiH
August 9, 2022
BiH FM sends a Demarche to the Ministry of Foreign Affairs of Israel
August 9, 2022
Zvizdic: What are the Results of the Work of BiH Diplomacy?
August 9, 2022
In search of the Purpose of the newly established Team for Cooperation between BiH and China
August 9, 2022
Government of FBiH allocates 39 Million BAM to Municipalities and Cities
August 9, 2022
Israel thanked Dodik and Covic for their Support in the Conflict with Islamic Jihad
August 9, 2022
City of Sarajevo allocates Funds for a Man who has been searching for Bones of Srebrenica Genocide Victims
August 9, 2022
Anniversary of Birth of Alija Izetbegovic: Man who was a Symbol of one Era
August 8, 2022
Helicopters from MIA of Serbia extinguished Fires near Trebinje
August 8, 2022
Citizens of BiH have the Right to vote in Fifteen Countries
August 8, 2022

You Might also Like

OTHER NEWSOUR FINDINGS

Critical Demographic Decline recorded in BiH

August 9, 2022
POLITICS

BiH FM sends a Demarche to the Ministry of Foreign Affairs of Israel

August 9, 2022
WORLD NEWS

In search of the Purpose of the newly established Team for Cooperation between BiH and China

August 9, 2022
POLITICS

Government of FBiH allocates 39 Million BAM to Municipalities and Cities

August 9, 2022
Sarajevo Times
Follow US

© 2012 Sarajevo Times. All Rights Reserved.

  • ABOUT US
  • IMPRESSUM
  • NEWSLETTER
  • CONTACT

Removed from reading list

Undo
Go to mobile version
AdBlock Detected
Our site is an advertising supported site. Please whitelist to support our site.
Okay, I'll Whitelist
Welcome Back!

Sign in to your account

Lost your password?