Here's how much cigarettes will cost more than 1 January

In Bosnia and Herzegovina from January 1, cigarettes will become more expensive by 35 pfennig, depending on the manufacturer.

Thus the average price of the box with the first day of the next year amount to 4.50 marks, while cigarettes individual producers could cost up to 5.5 KM per box.
Ratko Kovacevic, a spokesman of the Indirect Taxation Authority (ITA), told Dnevni Avaz said that manufacturers of cigarettes by 30 November the Administration must submit new prices. Only then will it be known how much the manufacturer to increase prices.

"In any case, if manufacturers and distributors who decide to form a price of a new tax burden being passed on to the consumer, cigarette packets should go up to 0.35 KM. But it whether they all tumble total tax burden on the final consumer or to the calculation of new prices do in a different way, depending on the business policy of each company, and accurate information on how we will have in a few days, "confirmed Kovacevic.

According to the adopted decision, which is based on the Law on Excise Duties in BiH, from January 1, 2017 the minimum excise tax will amount to 2.42 KM, and the specific excise 1.35 KM for a pack of cigarettes, it was stated from the Board of Directors ITA BiH.

"Taxpayers and other persons engaged in trade of cigarettes bound to schedule the inventories at January 1, and inventory lists to the competent regional center of ITA by 7 January 2017, while the calculation of excise duty must be submitted by 17 January in order to calculate difference, "the Board of ITA BiH.

After the adoption of the Law on Excise in BiH in 2009 was provided to our country for several years, gradually increasing the amount of excise tax on tobacco and tobacco products in order to reach the level of 64 euros for 1,000 cigarettes, or the minimum excise tax in the amount of 2.60 KM per package, as it was determined the excise policy of the EU at the time of the adoption of the Law on excise Duties in BiH.

"In 2017, the minimum excise tax on cigarette packaging will amount to 2.42 KM, which means that we have not yet reached the minimum excise tax in the EU. But, in the meantime, the EU minimum excise tax increased to EUR 90 per 1,000 cigarettes, which is 3.60 KM per box, so that Bosnia and Herzegovina to reach the minimum excise tax in EU Member States, should in the coming years to increase the excise tax on tobacco and tobacco products ", explained Kovacevic.

• 26 Nov, 2016
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