Croatia Tax Reform Legislation Submitted in Parliament

The Croatian government has submitted draft bills in parliament for the amendment of several tax laws. Some of the main measures are summarized as follows:

• An increase in the threshold for the 12% reduced corporate tax rate from annual revenue up to HRK 3 million to annual revenue up to HRK 7.5 million (same threshold increase provided for individual entrepreneurs to elect to be subject to corporate tax);
• The implementation of exit tax rules in compliance with Council Directive (EU) 2016/116…