In accordance with Article 9, paragraph 18 of Income Tax Act voluntary pension insurance premiums which the employer pays in favor of its employee, upon the employee’s approval, into a Croatian voluntary pension fund, registered in accordance with the regulations regulating voluntary pension insurance, up to the amount of HRK 500.00 for each month of the taxation period, i.e. up to a total of HRK 6,000.00 a year are considered as non-taxable income.
Furthermore, voluntary pension insurance premiums up to HRK 500,00 per month, i.e. up to HRK 6,000.00 per year can be considered as tax-deductible expenditure for self-employed persons who are paying personal income tax.
