Home Croatian taxes and customs
House first row - island Hvar
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S O L D ! ! !
Selling price: 360 .000 €
Living space: 130 m²
Land space: 685 m²
Terrace, Property by the sea, Sea View, Infrastructure

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House/Villa - Korcula
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Reduced price!
Selling price: 485 .000 €
Living space: 350 m²
Land space: 400 m²
Terrace, Property by the sea, Sea View, Infrastructure, Parking / garage, Barbecue

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2011/51 island of Brac, building plot with project
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Selling price: 345 .000 €
Living space: 370 m²
Land space: 590 m²
Swimming pool, Terrace, Property by the sea, Sea View, Parking / garage

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House first row to the sea - Island of Vis
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Selling price: 220 .000 €
Living space: 140 m²
Land space: 800 m²
Terrace, Property by the sea, Sea View, Infrastructure

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House first row - Island of Hvar - partially renovated
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Selling price: 550 .000 €
Living space: 120 m²
Land space: 1300 m²
Terrace, Property by the sea, Sea View, Infrastructure

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INVESTING IN CROATIA: TAXES AND CUSTOMS

In Croatia, most of the taxes are collected from turnover tax (VAT and excise taxes), while taxes on houses, cars and yachts account for the smallest share of taxes. The situation is quite different outside Croatia. There, the income tax and the profit tax account for a lot larger share of taxes than in Croatia (14.6% in the EU, 13.5% in the OECD countries and 7.6% in Croatia), while the turnover tax accounts for a lot smaller share of taxes than in Croatia (12.3% in the EU, 11.3% in the OECD countries and 18.5 % in Croatia). The fact that, in comparison to other countries, Croatia collects the largest percentage of the GDP through contributions is also interesting (11.4% in the EU, 9.4% in the OECD countries and 13.6% in Croatia). After the start of implementation of pension and health systems' reform, the share of mandatory contributions on the national GDP will be reduced.

In 1999, 4.3 billion kuna of customs duties, which accounted for 7% of total tax revenues, flew into the Croatian State budget, which exceeded the sum collected from profit taxes (3.3 billion kuna or 5.4% of total tax revenues). These numbers show that customs duties in Croatia, besides protecting domestic production, also represent very important State budget revenue.

By entering the WTO membership, Croatia has agreed to gradually diminish the customs protection, by what customs will lose the status of foreign trade instrument, and become just one of the sources of State budget revenues. However, by reducing the level of customs' protection, the total amounts of customs duties in the budget will be reduced as well.

This document originates from www.investments.hr website.

BROKER, real estate agency team.

 

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