Tax reform in Croatia from Jan 1st 2017 to encourage small and medium-size business
Good news for small and medium size companies in Croatia.
From Jan 2017 corporate profit tax goes down to 12% for the companies with annual turnover of less than 3 mln kn and to to 18% for larger companies.
Property transfer tax goes down from 5% to 4%. There are also some changes in personal income tax.
The levy is transferred to VAT which will become 25% in tourism and catering sphere. This will make the tourists fill the budget of Croatia.
Some changes will be implemented only from 2018.