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(Jun 13, 2014) It was reported on June 6, 2014, that the Parliament of Bosnia and Herzegovina had passed amendments to the country's Law on Excises. The amendments will take effect on July 1, 2014. (Dinka Antic, Bosnia and Herzegovina: Law on Excises Amended, TAX NEWS SERVICE (June 10, 2014), International Bureau of Fiscal Documentation online subscription database.)

Under the amended law, the general excise duty is increased from 126 Bosnian Marks (BAM) (about US$88) (stipulated under art. 21(6) of the Law on Excise Duties) to BAM176 (about $123) per 1,000 cigarettes. (Id.) In addition, a duty on fine-cut tobacco is introduced in the initial amount of BAM78 per kilogram, but in future it is expected to increase to at least 80% of the minimum duty on cigarettes, i.e., to about US$70 per kilogram. (Id.; Zakon o Akcizama u Bosni I Hercegovini [Law on Excise Duties in Bosnia and Herzegovina] (June 18, 2009), OFFICIAL GAZETTE OF BOSNIA AND HERZEGOVINA, No. 49/09.)

Under the Law on Excise Duties, duty on tobacco products is to be paid at the rate of 42% on the tax base, plus a special duty depending on the number of boxes. (BOSNIA AND HERZEGOVINA TAX SYSTEM 9 (2013); Law on Excise Duties, art. 21(1)(a).) Based on a decision adopted in October 2013, the minimum excise duty on cigarettes has also been increased, effective January 1 of 2014, when it rose from BAM91 to BAM104.50 per 1,000 cigarettes. The specific excise duty was also increased at that time from BAM37.50 to BAM45 per 1,000 cigarettes. (Dajana Topic, Bosnia and Herzegovina: Excise Duty Rates Increased for 2014, INTERNATIONAL TAX REVIEW (Jan. 28, 2014); Decision on Establishing Specific Minimum Excise Duty on Cigarettes for the Year 2014 [in Bosnian], Indirect Taxation Authority of Bosnia and Herzegovina website (Oct. 28, 2013).)

Author: Wendy Zeldin More by this author
Topic: Excise taxes More on this topic
 Taxation More on this topic
 Tobacco and smoking More on this topic
Jurisdiction: Bosnia-Herzegovina More about this jurisdiction

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Last updated: 06/13/2014