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Croatia Sees Increased Tax Collection

by Ulrika Lomas, Tax-News.com, Brussels

13 May 2015


The Croatian Deputy Prime Minister, Branko Grcic, has said that tax collections have been increasing on the back of a stronger economy.

According to preliminary statistics, the budget deficit in the first four months of the year was HRK2.5bn (USD372m) lower than at the same time last year.

Grcic said that this was mainly due to increasing revenues from VAT and corporate income tax. He said: "VAT revenues continued to increase in April too and by now they are HRK1.5bn higher than at the same time last year." He noted that this showed that economic recovery in Croatia was definitely underway.

Grcic said that the VAT revenues generated in April alone were HRK500m higher than in April last year and that revenues from Croatia's profit tax had increased by 6-7 percent from the same time last year.

TAGS: compliance | tax | economics | value added tax (VAT) | tax compliance | budget | corporation tax | trade | Croatia | VAT compliance matters

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