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Croatia Plans To Increase Excise Duties

by Tatiana Smolenskaya, Tax-News.com, Moscow

21 April 2015


In response to pressure from the EU Tax Commissioner Pierre Moscovici to find additional budget savings, Croatia has proposed excise duty increases.

Croatia has struggled to meet the EU's fiscal requirements since joining the Union, and Moscovici said last week that HRK1.3bn (USD186bn) would need to be found from either expenditure cuts or revenue-raising measures.

Finance Minister Boris Lalovac has now announced that excise taxes on gasoline and diesel will be increased by HRK0.20 per liter with accompanying increases in tobacco duties. He stated that this would raise HRK450m annually and more increases will be made in future years.

Moscovici had indicated that further tax reform efforts will be needed.

TAGS: Finance | tax | European Commission | budget | excise duty | tax reform | Croatia | Europe

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