At the 13th emergent, telephone session, the Government of the FB&H adopted the Conclusion by which it accepted the text of the initiative for the increase of excise taxes on oil products, beer, and cigarettes, which was agreed upon by the Prime Minister of the FB&H Fadil Novalic and the President of the Government of the RS Zeljka Cvijanovic. The initiative will be directed to the Board of Directors of the Indirect Taxation Authority of B&H (ITA B&H).
The initiative alleges that the entity Prime Ministers, at the joint meeting held on September 9th this year, agreed that additional excise tax is introduced on oil products which would be intended for highways and roads, as well as a special excise tax on beer and cigarettes which would be an earmarked revenue for the health insurance funds.
Also prepared are the texts of the Law on Amendments to the Law on Excise Taxes in B&H, Law on Amendments to the Law on Payments to Single Account and Allocation of Revenues, and the Law on Amendments to the Law on the Indirect Taxation in B&H, which can serve to the members of the Board of Directors of the ITA B&H and the representatives from the ministries of finance as a basis for agreeing on the final draft text.
In the written initiative, the entity Prime Ministers Fadil Novalic and Zeljka Cvijanovic suggest to the Board of Directors of this institution to task the experts/members of the Board of Directors to, together with the representatives from the ministries of finance, conduct additional analysis, to create a final text of amendments to the necessary legal regulations in seven days and submit it to the Board for consideration, stated the announcement of the Press Service of the Government of FB&H.
(Source: faktor.ba/ photo avaz)