Decision of the Governing Board of the Indirect Taxation Authority of BiH regarding excise duties on cigarettes for 2014
Tax Alert, November 2013
In November 2013, the Governing Board of the Indirect Taxation Authority of BiH has adopted the Decision on Establishing of Specific and Minimum Excise Duty on cigarettes for 2014.
The proportional excise duty of 42 % on retail selling price of cigarettes remains unchanged. The special excise duty which was payable on 1,000 cigarettes in the amount of 37.50 BAM was increased to 45.00 BAM / for packages containing 20 pieces of cigarettes, the excise duty was increased from 0.75 BAM to 0.90 BAM.
If the calculated excise duty is lower than the minimum excise duty, minimum excise duty shall apply. The minimum excise duty in the amount of 91.00 BAM for 1,000 cigarettes was increased to 104.50 BAM / for packages containing 20 pieces of cigarettes, the excise duty was increased from 1.82 BAM to 2.09 BAM.
Taxpayers and other cigarette retailers are obliged to create inventory lists of cigarettes as of 1st January 2014, submit the lists to the Indirect Taxation Authority and pay the difference between excise duties calculated and excise duty already paid until the 10th January 2014.