Deloitte Bosnia and Herzegovina
Tax & Legal Advisory
Amendments on the Law on Excise Duty in Bosnia and Herzegovina related to tobacco products
Amendments on the Law on Excise Duties in B&H, which was published in the „Official Gazette of B&H“, number: 49/14, entered into force on 2nd July 2014 and will be applicable as of 1st August 2014.
This amendments prescribe the obligation for taxpayers and other persons involved in sale of cigars, cigarillos and smoking tobacco to create inventory lists of the respective tobacco products as on 1st August 2014 and submit them to the Indirect Taxation Authority of B&H (hereinafter: „ITA“) until 8th August 2014.
In addition, all persons involved in sale of cigars, cigarillos and smoking tobacco are obliged to report new retail selling prices of such products, to calculate and pay the excise difference until 8th August 2014.
The difference between excise duty earlier paid and excise duty newly calculated shall be paid within 10 days as of the day the inventory lists were submitted to the ITA.
Those tobacco products for which the excise difference was paid can be sold by applying new retail selling prices until their stock is exhausted. New retail selling prices shall visibly be placed within the retail store.
The excise on cigars and cigarillos for 2014 was not amended. However, the excise on smoking tobacco for 2014 now amounts 78 BAM/kg.
For simplification purposes for excise duty calculation, you may use calculation tables from the website of the ITA: http://www.uino.gov.ba/b/.
We would like to draw you attention to the fact that the total maximum excise burden of the most popular price category of cigarettes which amounted 126.00 BAM for 1,000 cigarettes was increased to 176.00 BAM of the total maximum excise burden of cigarettes with the lowest retail selling price. Yearly dynamics of increasing the special excise duty for cigarettes remains unchanged.
As of 2015, excise duty on smoking tobacco will amount at least 80% of the minimum excise duty payable for 1,000 cigarettes. Excise duty on smoking tobacco shall be established by the Governing Board of the ITA on 30th October within the current year for the year following year.
If you have any questions concerning this publication please do not hesitate to contact us:
Manager | Tax & Legal Practice
Deloitte Advisory Services d.o.o. Sarajevo
Jadranska bb, 71 000 Sarajevo, Bosnia and Herzegovina
Tel: +387 (0)33 277 560 | Fax: +387 (0)33 277 561 | Mobile: +387 (0)62 342 366
FIC presents the new member
GAZPROM network of petrol stations in Bosnia and Herzegovina
By taking over the retail network of OMV BH doo, a company NIS Gaspromneft put into service 28 gasoline stations under the brand GAZPROM in Bosnia and Herzegovina. On the territory of the Republic of Srpska eight service stations operating under the brand NIS Petrol.
By the end of the 2013 the total investment in the network of Gazprom and NIS Petrol in Bosnia and Herzegovina will be in amount of 90 million euros and opened 36 service stations.
On this way it is established the secure sales channel of motor fuel - quality Euro 5, which are produced in the refinery in Pancevo.
Premium network of petrol stations GAZPROM offers consumers fuel and lubricants of high quality, as well as a wide range of additional products. This form of stations anticipates the existence of shops, restaurants and cafes. Customers may use wireless internet, car wash and playground as well.
Besides Bosnia and Herzegovina, a large project development of new premium network of petrol stations GAZPROM spreads in Serbia, Bulgaria and Romania. By the end of the 2015, more than 250 service stations will be built in the Balkans, including 40 on the territory of Bosnia and Herzegovina, where it is expected that the network of petrol stations GAZPROM occupy about 15 percent of the retail fuel market in this country.
NIS is one of the largest vertically integrated oil and gas company of South Eastern Europe. Basic directions of activity are research, production and sale of oil and gas, as well as the traffic of petroleum products. "Gaspromneft" owns 56.15 % of shares of NIS, while 29.88 % of shares of NIS owned by the Republic of Serbia. NIS in Serbia owns the refinery with two organizational parts - in Pancevo and Novi Sad, with a total capacity of 7 million tons of oil per year, as well as gas refinery in Elemir. The volume of NIS production is 1.7 million tons of probation oil per year. Retail network of companies includes more than 500 gas stations and warehouses in the countries of the Balkan region. NIS operates in several European countries - Serbia, Hungary, Romania, Bosnia and Herzegovina, Montenegro, Croatia, Bulgaria, Macedonia and participating in construction projects on the territory of Angola.