Croatian Finance Minister Ivan Suker has announced that tax law surrounding cigarettes will undergo changes in June to comply with EU guidelines. The announcement comes after the original three-tier system was deemed discriminatory against foreign producers by the European Commission during Euro zone accession talks.
The new tax system, which will enter into force on June 1, will phase out the existing system, which favoured the sole domestic producer, Tvornica Duhana Rovinj (TDR). The new system will feature a flat tax rate of HRK180 (USD31.1) on every 1,000 cigarettes, equating to HRK3.6 (USD0.62) on every box of twenty.
Suker said that the tax law surrounding cigarettes tabled to the European Commission in April 2008 was deemed ‘unacceptable’ because it would ‘discriminate against foreign cigarette makers’, adding that: “The Commission welcomed [Croatia’s] readiness to neutralise the tax differences for cigarettes and demanded equal tax treatment as soon as possible.”
Suker also announced that the tax would be increased again in January 2010. 1,000 cigarettes will be taxed at the increased rate of HRK225 (USD39).
.
Network Tweets
Network BlogsContent
provided by
|
Archive | Resources | Partners | Site Map | Links | Newsletter Archive | Contact | RSS Feeds | About | Syndication | Advertising & Marketing | Recruitment | Terms & Conditions | Privacy & Cookies
Copyright © 2012 - All Rights Reserved - Tax-News.com
IMPORTANT NOTICE: Tax-News.com has taken reasonable care in sourcing and presenting the information contained on this site, but accepts no responsibility for any financial or other loss or damage that may result from its use. In particular, users of the site are advised to take appropriate professional advice before committing themselves to involvement in offshore jurisdictions, offshore trusts or offshore investments.
Write a comment