Croatian Government Considers Temporary VAT Reduction to Address Rising Energy Prices, Says Plenković

• The Croatian government is considering reducing the VAT rate and European excise duties as tools to address rising energy prices.
• Amendments to the VAT Act have been submitted for public consultation and are expected to be voted on by the end of April.
• The government seeks temporary authority to adjust the VAT rate biweekly in response to extraordinary circumstances affecting energy prices.
• A request has been sent to the European Commission to allow for a reduction in the European portion of excise duties, but this process will take time.
• Any VAT reduction will comply with European regulations, with a minimum rate of 15 percent.

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.

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