Wednesday, February 27, 2008

BOSNIAN TAX AUTHORITY MANAGING BOARD TO AMEND CURRENT CUSTOMS TARIFFS

SARAJEVO, Bosnia (February 27,2008) – It seems that after several years of pleading and unsuccessful lobbying with tax regulators, the Bosnian business community will finally see some developments in this area.

Following a proposal by the Bosnian Council of Ministers, the Bosnian Tax Authority Managing Board has decided that that it would have its final say on amendments to the Customs Tariff Act and the Excise Act in the next ten days.

The Board agrees that the current customs tariffs do not meet the needs of the Bosnian economy, both from the aspect of protecting local producers and liberalization of raw material imports.
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