VAT News

Croatia Announce Reduction to Standard VAT Rate

Croatian Finance Minister, Zdravko Maric, has confirmed as of 1st January 2020 Croatia will reduce their standard VAT rate from 25% to 24%.

In another significant move, the hospitality sector will enjoy a reduction from 25% to 13%. Proven successful in other EU member states, the reduction in VAT is aimed at boosting the tourism industry in Croatia, with a key focus on easing ongoing pressures on the food and drink sector related to hospitality and tourism.

The reduction is expected to reduce the tax burden by approximately €500 million.

Speak to VATGlobal directly for more information on how this will impact your business activities.

Related articles

India Determined to Raise Taxes and Review Exemptions in a Bid to Increase Revenue

The move to review tax rates, exemptions and the cess comes amid a shortfall in revenue receipts of the union.

Read more
Why Half of Small Businesses Make VAT Return Errors

Why Half of Small Businesses Make VAT Return Errors

Read more
MTD for VAT — A New Compliance Rule for UK Businesses

MTD for VAT — A New Compliance Rule for UK Businesses

Read more