VATupdate
Croatia

Share this post on

Croatian Parliament Approves Floating VAT on Fuel and Removes Deadline for Building Legalization

  • Croatian Parliament approved a “floating VAT” on fuel, allowing the government to temporarily reduce VAT on petroleum products by up to 10 percentage points during energy price surges, especially if Middle East conflicts escalate.
  • The government can set temporary VAT rates for energy products subject to excise duties, with the general VAT on fuel currently at 25%, but can be reduced to 15% per EU rules.
  • Opposition criticized the government for rising inflation and called for a tax on extra profits for companies benefiting from inflation.
  • Parliament also amended the law on illegal buildings, removing the deadline for legalization requests for structures built before June 21, 2011, which some MPs argue encourages illegal construction.

Source: portal.hr

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 IT
Pincvision

Advertisements:

  • RTC
  • Pincvision