ZAGREB, Nov 30 (Hina) - The Croatian government at Thursday's session formulated the final versions of four tax bills - a general tax bill, bills on income and profit tax, and a bill on tax counselling. The final versions,
significantly different from original ones, propose reducing profit tax from 35 to 20 percent, and abolishing the protected interest rate. The changes in the profit tax bill are aimed at helping the economy, so the government is willing not to tax investments in equipment and manufacturing facilities. According to the final version of the income tax bill, monthly premiums of up to 1,000 kuna on life insurance and additional health and voluntary pension insurance are recognised as expenses. The government abandoned the idea of introducing the institute of reporting the source of citizens' property. Parliament was forwarded the final version of a general tax bill. (hina) ha
ZAGREB, Nov 30 (Hina) - The Croatian government at Thursday's
session formulated the final versions of four tax bills - a general
tax bill, bills on income and profit tax, and a bill on tax
counselling.
The final versions, significantly different from original ones,
propose reducing profit tax from 35 to 20 percent, and abolishing
the protected interest rate.
The changes in the profit tax bill are aimed at helping the economy,
so the government is willing not to tax investments in equipment and
manufacturing facilities.
According to the final version of the income tax bill, monthly
premiums of up to 1,000 kuna on life insurance and additional health
and voluntary pension insurance are recognised as expenses.
The government abandoned the idea of introducing the institute of
reporting the source of citizens' property.
Parliament was forwarded the final version of a general tax bill.
(hina) ha