Croatia: Proposed amendments to VAT law
Amendments would be effective January 1, 2025
The government on September 25, 2024, released a draft bill amending the value added tax (VAT) law effective January 1, 2025.
The bill proposes:
- Increasing the VAT registration threshold from €40,000 to €50,000
- Introducing measures for the EU small business scheme by allowing businesses below specific turnover limits to apply for VAT exemptions
- Removing the reciprocity condition for VAT refunds for non-EU businesses, enabling them to obtain refunds from Croatian suppliers under certain conditions