Interest rate on loans between related parties
In accordance with Article 14, paragraph 3 of the Profit Tax Act, the Ministry of Finance has announced an interest rate between related parties for the year 2020 which amounts to 3,42%. In case when profit income taxpayer gives loan to related party – tax non-resident, the above-stated interest rate is the minimum rate which […]
Regulation of cross-border arrangements – Directive DAC-6
Directive 2018/822/EU better known as DAC-6 is introduced into tax aspects of Croatian legislation and is applicable from 1 January 2020. The directive is related to exchanging information between the EU Member States that might suggest tax evasion. Namely, cross border-arrangements that contain at least one hallmark which indicates the risk of tax evasion will […]
February 2020: Your reference for Tax News in Croatia
The Confida monthly newsletter has been created to help You navigate new tax rules and regulations in Croatia. Confida Croatia ha created the Monthly Newsletter with the aim of providing both local and international businesses with answers to key questions regarding tax news and regulations in Croatia.
Tax reform as of 1st January 2020
The final amendments to the Law which have entered into the force as of 1 January 2020 are published. Below you can find a summary of some changes which are related to different types of taxes. Personal Income Tax As of 1 January 2020, the basic personal allowance is increasing from 3,800.00 HRK to 4,000.00 […]
January 2020: Your reference for Tax News in Croatia
The Confida monthly newsletter has been created to help You navigate new tax rules and regulations in Croatia. Confida Croatia has created the Monthly Newsletter with the aim of providing both local and international businesses with answers to key questions regarding tax news and regulations in Croatia.
Transfer pricing
Today many companies operate as connected parties and as such have transactions with each other. Since such transactions can allow the transfer of profit from one company to another, and consequently the transfer of tax liabilities, Tax Authorities around the world have implemented specific OECD guidelines since the scope and content of transfer pricing documentation […]
December 2019: Your reference for Tax News in Croatia
The Confida monthly newsletter has been created to help You navigate new tax rules and regulations in Croatia. Confida Croatia has created the Monthly Newsletter with the aim of providing both local and international businesses with answers to key questions regarding tax news and regulations in Croatia.
Changes in Law – what can we expect in year 2020?
The new round of tax reform brings some changes in the taxation system from next year. Based on the proposal of the Government of the Republic of Croatia, below you can find an overview of the most important news that we can expect. Personal income tax Tax benefits are proposed for young persons under 30 […]
November 2019: Your reference for Tax News in Croatia
The Confida monthly newsletter has been created to help You navigate new tax rules and regulations in Croatia. Confida Croatia has created the Monthly Newsletter with the aim of providing both local and international businesses with answers to key questions regarding tax news and regulations in Croatia.
New non-taxable income from 1 September 2019
According to amendments to the Personal Income Tax Regulations, as of 1 September, 2019 personal income tax is not paid on: Costs of catering, tourism and other services intended for workers’ vacation up to HRK 2,500.00 per year. Costs for the nutrition of workers: Up to HRK 5,000.00 per year as a lump sum; or […]