What Is Expected from New Excise Duty Regulations in Croatia?

New excise duties on tobacco and unleaded petrol should boost the Croatian central budget by HRK 60 million and 220 million respectively. Compliance with the EU minimum taxation standards and curbing tobacco consumption are good enough reasons to increase the excise duty rates. However, the stated amounts will not contribute significantly to the covering of the current year's budget deficit of HRK 14 billion. Much more revenues for the state budget could be derived through successful smuggling and illicit trade combating, tax debtor identification and the collection of tax arrears