BUSINESS

Drivers paid a Total of 620 million BAM on the Basis of Tolls on Oil and Petroleum Products

Drivers in Bosnia and Herzegovina (BiH) paid around 1.7 million BAM per day to country from purchased fuel at petrol stations.

A total of 620.7 million BAM was collected last year on the basis of tolls on oil and petroleum products, was stated by the Indirect Taxation Authority.

This is for 238 million BAM more than in the year before, since February last year, the toll was increased by 0.15 BAM per liter of oil.

By purchasing fuel on the BiH market, drivers pay two tolls. One is for road construction, and the other is for the construction of highways and the construction and reconstruction of other roads. Both are 0.40 BAM.

When it comes to the distribution of toll revenues, they were divided in two ways. Of the total collected toll in the amount of 620.7 million BAM, the first part of the road toll road construction amounted to 234.8 million BAM. These funds are allocated with all other revenues from indirect taxes, that is, according to the coefficients that are adopted at the quarterly level by the Board of Directors of the ITA (Federation of Bosnia and Herzegovina 64.26%, Republika Srpska 32.19 and Brcko District 3.55%).

The second part of road tolls are for the construction of highways and the construction and reconstruction of other roads, and is characterized by special coefficients, in the way that the Federation of BiH received 59 percent, the Republika Srpska 39 percent and the Brcko District 2 percent. The Federation was allocated 188.5 million BAM, Republika Srpska 124.6 million BAM and Brčko District 6.4 million BAM.

In addition, UIO collected revenues from excise duties on oil and oil derivatives in the amount of 499.8 million BAM. These revenues are distributed to beneficiaries with all other revenues from indirect taxes, FBiH, Republika Srpska and Brcko District.

(Source: biznisinfo)

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