VATupdate

Share this post on

Croatia’s New VAT Law Amendments: Impact and Benefits for Non-EU and Small Businesses

  • Croatia published amendments to the VAT law in the Official Gazette on December 24, 2024
  • The new VAT law will be effective from January 1, 2025
  • Non-EU taxpayers can now claim VAT refunds for 2024 under Article 67
  • The mandatory VAT registration threshold is raised to EUR 60,000 to ease the burden on small businesses
  • Businesses under the threshold can deregister from VAT by January 15, 2025
  • The law change aims to support about 7,500 small businesses by reducing mandatory VAT registration
  • New provisions allow for the deduction of extra VAT charged and align with EU regulations for small business VAT exemptions
  • The amendments aim to modernize Croatia’s VAT system and improve the business environment for SMEs

Source: fiscal-requirements.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

Sponsors:

VAT news

Advertisements: