The Croatian government on 2 April 2020 proposed a second set of tax relief measures to address the economic effects of the coronavirus (COVID-19) pandemic.
The measures are pending parliamentary procedures prior to final confirmation. While there could be changes made during this process, tax professionals do not expect there would be substantial amendments made during the parliamentary process.
Among the proposed tax relief measures are the following:
Other measures would delay the deadline for submitting the 2019 financial statements to 30 June 2020, and would repeal a requirement to pay a fee for publication of the annual financial statements for the year 2019.
Read an April 2020 report prepared by the KPMG member firm in Croatia
The KPMG logo and name are trademarks of KPMG International. KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.