Croatia: new tax law proves to be effective

Alessandro PasutNew tax law proves to be effective: the rigorous new measures implemented by the Croatian tax administration prove to be effective. In the tourism industry tax inspectors are implementing the new tax law aimed at controlling the grey economy by cracking down on businesses that avoided paying sales taxes. Several hotels, bars and restaurants were closed for some days due to financial irregularities. According to Finance Minister Slavko Linic the new measures adopted this year have been successful for the tax administration, bringing in much-needed revenues to the State, but the process known as “fiscalisation” is only beginning. In the six months since the start of the fiscalisation, the state recorded increased revenues of 1.73 billion euro against the same period last year, the tax administration reported.

The president of the Croatian Employers’ Association supports the finance ministry in the implementation of the new tax regulation. He said entrepreneurs who do not meet all the fiscal obligations constitute unfair competition to others.

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