Taxation in Croatia: Difference between revisions
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Taxes in [[Croatia]] are levied by both the central and the regional governments. Tax revenue in Croatia stood at 37.8% of GDP in 2017.<ref>{{Cite web|date=29 November 2018|title=Udio poreznih prihoda u BDP-u u Hrvatskoj ispod prosjeka EU-a|trans-title=The share of tax revenues in GDP in Croatia is below the EU average|url=https://www.tportal.hr/biznis/clanak/udio-poreznih-prihoda-u-bdp-u-u-hrvatskoj-ispod-prosjeka-eu-a-foto-20181129 |
Taxes in [[Croatia]] are levied by both the central and the regional governments. Tax revenue in Croatia stood at 37.8% of GDP in 2017.<ref>{{Cite web|date=29 November 2018|title=Udio poreznih prihoda u BDP-u u Hrvatskoj ispod prosjeka EU-a|trans-title=The share of tax revenues in GDP in Croatia is below the EU average|url=https://www.tportal.hr/biznis/clanak/udio-poreznih-prihoda-u-bdp-u-u-hrvatskoj-ispod-prosjeka-eu-a-foto-20181129|access-date=9 November 2021|website=tportal.hr|language=hr}}</ref> The most important revenue sources are [[income tax]]es, [[social security]] contributions, [[corporate tax]] and the [[value added tax]], which are all applied on the national level. |
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Income earned in Croatia is subject to a progressive income tax, of two different brackets.<ref>{{Cite web|title=Income tax|url=https://www.porezna-uprava.hr/en/Pages/Taxes/Income-tax.aspx |
Income earned in Croatia is subject to a progressive income tax, of two different brackets.<ref>{{Cite web|title=Income tax|url=https://www.porezna-uprava.hr/en/Pages/Taxes/Income-tax.aspx|access-date=9 November 2021|website=Tax administration|language=en}}</ref> |
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In addition to tax, local government can collect surtax depending on the residence of taxpayer.<ref>{{Cite web|title=Income tax surtax|url=https://www.porezna-uprava.hr/en/Pages/Taxes/Income-Tax-Surtax.aspx |
In addition to tax, local government can collect surtax depending on the residence of taxpayer.<ref>{{Cite web|title=Income tax surtax|url=https://www.porezna-uprava.hr/en/Pages/Taxes/Income-Tax-Surtax.aspx|access-date=9 November 2021|website=Tax administration|language=en}}</ref> |
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|}VAT in Croatia is levied at three different rates. The standard rate is 25 percent, two reduced rates are 13 and 5 percent apply on different goods and services.<ref>{{Cite web|url = http://www.kpmg.com/Global/en/services/Tax/regional-tax-centers/european-union-tax-centre/Documents/eu-country-profiles/2013-croatia.pdf|title = VAT in Croatia - KPMG|date = 5 February 2021}}</ref> The 13% rate apply for newspapers, magazines, bread and milk; books and scientific journals, hotels and medicines.<ref>{{Cite web|url = http://www.ey.com/Publication/vwLUAssets/Croatia_Tax_News_06_2013_English_Version/$FILE/EY%20Tax%20News%2006_2013.pdf|title = VAT - 2014}}</ref> |
|}VAT in Croatia is levied at three different rates. The standard rate is 25 percent, two reduced rates are 13 and 5 percent apply on different goods and services.<ref>{{Cite web|url = http://www.kpmg.com/Global/en/services/Tax/regional-tax-centers/european-union-tax-centre/Documents/eu-country-profiles/2013-croatia.pdf|title = VAT in Croatia - KPMG|date = 5 February 2021}}</ref> The 13% rate apply for newspapers, magazines, bread and milk; books and scientific journals, hotels and medicines.<ref>{{Cite web|url = http://www.ey.com/Publication/vwLUAssets/Croatia_Tax_News_06_2013_English_Version/$FILE/EY%20Tax%20News%2006_2013.pdf|title = VAT - 2014}}</ref> |
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Employment Income is subject to social security, at a rate of 16.5% for the employer and 20% for the employee.<ref>{{Cite web|last=Crnički|first=Ninoslav|date=1 January 2021|title=Kalkulator plaće za 2021. godinu|trans-title=Salary calculator for 2021|url=https://www.isplate.info/kalkulator-place-2021.aspx |
Employment Income is subject to social security, at a rate of 16.5% for the employer and 20% for the employee.<ref>{{Cite web|last=Crnički|first=Ninoslav|date=1 January 2021|title=Kalkulator plaće za 2021. godinu|trans-title=Salary calculator for 2021|url=https://www.isplate.info/kalkulator-place-2021.aspx|access-date=9 November 2021|website=Isplate.info|language=hr}}</ref> |
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Salary calculator: https://www.moj-posao.net/Salary-Calculator/ |
Salary calculator: https://www.moj-posao.net/Salary-Calculator/ |
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Corporate tax depends on the revenue the company earns.<ref>{{Cite web|title=Profit tax|url=https://www.porezna-uprava.hr/en/Pages/Taxes/Profit-Tax.aspx |
Corporate tax depends on the revenue the company earns.<ref>{{Cite web|title=Profit tax|url=https://www.porezna-uprava.hr/en/Pages/Taxes/Profit-Tax.aspx|access-date=9 November 2021|website=Tax administration|language=en}}</ref> |
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Revision as of 11:54, 27 September 2023
| Part of a series on |
| Taxation |
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| An aspect of fiscal policy |
Taxes in Croatia are levied by both the central and the regional governments. Tax revenue in Croatia stood at 37.8% of GDP in 2017.[1] The most important revenue sources are income taxes, social security contributions, corporate tax and the value added tax, which are all applied on the national level.
Income earned in Croatia is subject to a progressive income tax, of two different brackets.[2]
| Annual income | Monthly income | Rate |
|---|---|---|
| Less than 47,780.28 EUR | Less than 3,981.69 EUR | 20% |
| More than 47,780.28 EUR | More than 3,981.69 EUR | 30% |
In addition to tax, local government can collect surtax depending on the residence of taxpayer.[3]
| Residence | Rate |
|---|---|
| Municipality | up to 10% |
| City with less than 30,000 residents | up to 12% |
| City with more than 30,000 residents | up to 15% |
| City of Zagreb | up to 18% |
VAT in Croatia is levied at three different rates. The standard rate is 25 percent, two reduced rates are 13 and 5 percent apply on different goods and services.[4] The 13% rate apply for newspapers, magazines, bread and milk; books and scientific journals, hotels and medicines.[5]
Employment Income is subject to social security, at a rate of 16.5% for the employer and 20% for the employee.[6]
| Insurance policy | Employee % | Employer % |
|---|---|---|
| Pension Fund | 15%[7] | - |
| Capital savings | 5%[8] | - |
| Health | - | 16.5% |
| Total | 20.0% | 16.5% |
Salary calculator: https://www.moj-posao.net/Salary-Calculator/
Corporate tax depends on the revenue the company earns.[9]
| Revenue | Rate |
|---|---|
| Less than 995,421.06 EUR | 10% |
| More than 995,421.06 EUR | 18% |
Certain expenses are tax deductible for businesses including personal means of transportation. Resident businesses are taxed on worldwide income, while foreign companies in Croatia are taxed on profits earned in Croatia.[10]
References
- ^ "Udio poreznih prihoda u BDP-u u Hrvatskoj ispod prosjeka EU-a" [The share of tax revenues in GDP in Croatia is below the EU average]. tportal.hr (in Croatian). 29 November 2018. Retrieved 9 November 2021.
- ^ "Income tax". Tax administration. Retrieved 9 November 2021.
- ^ "Income tax surtax". Tax administration. Retrieved 9 November 2021.
- ^ "VAT in Croatia - KPMG" (PDF). 5 February 2021.
- ^ "VAT - 2014" (PDF).
- ^ Crnički, Ninoslav (1 January 2021). "Kalkulator plaće za 2021. godinu" [Salary calculator for 2021]. Isplate.info (in Croatian). Retrieved 9 November 2021.
- ^ "DoprinosiIzPlace".
- ^ "DoprinosiIzPlace".
- ^ "Profit tax". Tax administration. Retrieved 9 November 2021.
- ^ "KPMG - Tax Card 2013" (PDF). 12 July 2021.
Further reading
- "Hrvatski porezni sustav" (PDF) (in Croatian). Zagreb: Institute of Public Finance. Retrieved 19 December 2018.
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