ZAGREB, March 25 (Hina) - The Croatian Government on Thursday adopted a bill on changes to the Law on Tax Administration within its programme of measures for solving illiquidity. The bill envisages that the tax administration can
exert control over and make forced collection of contributions for pension and health insurance. The Government also sent into parliamentary procedure a bill on changes to the Law on Special Tax on Oil Products. The bill envisages the increase of a special tax on petrol from US$0.27 to 0.29 per litre. It also envisages an increase in the price of lead-free petrol from US$0.23 to 0.26 per litre and for diesel from US$0.20 to US$0.23. Increasing special taxes does not automatically mean increasing retail prices, Finance Minister Borislav Skegro said. He explained that the sale tax was only one part of the total price of a product. According to the bill, the budget revenue would in
ZAGREB, March 25 (Hina) - The Croatian Government on Thursday
adopted a bill on changes to the Law on Tax Administration within
its programme of measures for solving illiquidity.
The bill envisages that the tax administration can exert control
over and make forced collection of contributions for pension and
health insurance.
The Government also sent into parliamentary procedure a bill on
changes to the Law on Special Tax on Oil Products. The bill
envisages the increase of a special tax on petrol from US$0.27 to
0.29 per litre. It also envisages an increase in the price of lead-
free petrol from US$0.23 to 0.26 per litre and for diesel from
US$0.20 to US$0.23.
Increasing special taxes does not automatically mean increasing
retail prices, Finance Minister Borislav Skegro said. He explained
that the sale tax was only one part of the total price of a product.
According to the bill, the budget revenue would increase by five
million US dollars per month.
The Government today also adopted changes to the Law on Special
Taxes on Personal Vehicles, Other Motor Vehicles, Vessels and
Aircraft. The changes envisage an increase in sale taxes for high
class vehicles with more than 75 kW, the cancellation of all tariff
benefits for the import of cars and a decrease in customs tariffs
for cars whose parts are produced in Croatia.
Sent into parliamentary procedure was also a bill on special taxes
on luxury goods. According to this bill, a special 20% tax would be
imposed on the sale price (pre-Value Added Tax) of products such as
jewellery, watches, fur clothing, footwear made out of reptile
skin, fireworks and weapons. The total taxes would amount to 46.4
per cent, increasing budgetary revenues in six months by some
US$1.14 million.
The Government will suggest that the Sabor vote on a law balancing
taxes on domestic and imported tobacco products, in line with the
World Trade Organisation (WTO) regulations.
The Government today also adopted measures for the financial
reorganisation and rehabilitation of 13 companies, to cost US$7.14
million.
(hina) jn rml