Tax Alert

2009

December 2009 - Issue 5 - New VAT Regulations
Following the amendments of the VAT Law, effective as of 1 January 2010, the VAT Regulations have been published in the National Gazette 149/09 dated 15 December 2009. The VAT Regulations have prescribed detailed guidance, and we summarise key issues
on the following link: Tax Alert No 5 (Porezne novosti broj 5).

August 2009 - Issue 4
As of 1 January 2010 the VAT Law will have a service exemption for financial services instead of the currently applicable institutional exemption. Find more details on how will the financial services sector be affected by these amendments on the following link:
Tax Alert- August 2009 No. 4 (Porezne novosti - kolovoz 2009. Broj 4)

July 2009 - Issue 3
In its session of Friday, 31 July 2009, the Croatian Parliament has adopted the amendments proposed by the Croatian Government following its session of Thursday, 30 July 2009 to the proposed Law on special tax on salaries, pensions and other receipts.

Please find more details on the adopted tax law on the following link: Tax Alert – July 2009 No. 3 (Porezne novosti – Srpanj 2009. Broj 3)

July 2009 - Issue 1 & 2
In its extraordinary session of Friday 24 July 2009, within the framework of the third rebalance of the state budget and with the aim of introducing anti-recession measures, the Croatian Government has proposed several tax law changes. The tax law changes are targeted at levying new taxes which would provide additional revenues for the state budget and, at the same time, would cut state budget expenditures (by the resulting reduced pension plan payouts).

Considering that the above proposed laws are scheduled to appear on the Croatian Parliament's agenda on Monday, 27 July 2009, we will be updating you on whether the laws will be adopted as proposed.

Please find more details on the proposed tax law changes on the following links.
- Tax Alert July 2009 No. 1 (Porezne novosti Srpanj 2009. Broj 1)
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Tax Alert July 2009 No. 2 (Porezne novosti Srpanj 2009. Broj 2)

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