Croatia Proposes Amendments to VAT Act: Public Consultation and Global VAT Refunds Expansion

• Croatia is consulting amendments to the VAT Act
• The government plans to raise the annual threshold for mandatory VAT registration from EUR 40,000 to EUR 50,000
• The change aims to help businesses affected by inflation opt out of the VAT system
• Croatian VAT refunds will be available to non-EU businesses globally starting 1 January 2025
• Other amendments include deduction of extra VAT charged by tax authorities and new EU rules for small businesses
• Changes will take effect on 1 January 2025 after parliamentary approval

Source: regfollower.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.

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