Sarajevo 30 December 2008 - 95th ITA GB session was held

The most important item on the agenda was certainly the draft Law on Excise Duties. Governing Board managed to agree regarding the proposal of draft Law on Excise Duties proposed by the Working group established for drafting the Law on Excise Duties in BiH. Proposed draft Law on Excise Duties was submitted to the GB members with few alternatives related to tobacco and tobacco products, alcohol, heating oil and refunds, on which members of the WG could not make an agreement about. GB members resolved dilemmas regarding mentioned excise products so the law was adopted and it will be sent to further procedure.
Out of other discussed items, GB adopted the Decision on Compensatory Interest Rate for the period from 1st of January 2009 to 30th June 2009. Compensatory Interest Rate will still amount to 12% for the next six months.
Proposal of the Law on Amendments and Supplements to the Law on Customs Policy in BiH was also on the agenda, which was submitted by the Ministry of Foreign Trade and Economic Relations. However, the proposal was rejected unanimously by the GB members.

Darija Tošić
Governing Board of the Indirect Taxation Authority