From 01.01.2024, the following changes will come into force:
· The taxpayer is given the choice to determine tax-deductible expenses for gifts in the amount of up to 2% of the achieved revenues in the previous or current year (so far only the previous year)
· Fixed tangible and intangible assets shall mean objects and rights whose individual procurement cost is higher than 665,00€ and life cycle longer than one year (until now 464,53€)
· Profit tax is paid on the determined tax base at the rate:
- 10% if, during the taxation period, revenue has been generated up to 1.000.000,00€, or
- 18% if, during the taxation period, revenue has been generated higher than 1.000.000,00€ (until now €995,421.06)
· The newly established threshold is already applied when calculating the advance tax for 2024 based on the profit tax return for 2023
· The tax liability and/or difference for payment stated in the submitted Profit Tax Return for the year 2023 is due on the last day of the deadline, i.e. April 30, 2024 (until now, the liability was due on the same day when the profit tax return was submitted)
As of 12.10.2023, the following is valid:
· Withholding tax is no longer payable on market research, tax and business counselling and auditing services paid to foreign persons, except when they are paid to persons who have their headquarters or place of effective management or business supervision in countries that are on the EU list of non-cooperative jurisdictions for tax purposes, and with which the Republic of Croatia has no double taxation treaties applicable
· Non-payment of withholding tax on interest and royalties and dividends and profit shares between associated companies from different EU member states is also applied in an appropriate manner for companies that are tax residents in a member state of the European Economic Area (Norway, Iceland, Liechtenstein)
Look at what else we wrote about, maybe the answer to your question is already there.
