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Croatia Announce Reduction to Standard VAT Rate

Croatia Announce Reduction to Standard VAT Rate

Croatian Finance Minister, Zdravko Maric, has confirmed as of 1st January 2020 Croatia will reduce their standard VAT rate from 25% to 24%.

In another significant move, the hospitality sector will enjoy a reduction from 25% to 13%. Proven successful in other EU member states, the reduction in VAT is aimed at boosting the tourism industry in Croatia, with a key focus on easing ongoing pressures on the food and drink sector related to hospitality and tourism.

The reduction is expected to reduce the tax burden by approximately €500 million.

Speak to VATGlobal directly for more information on how this will impact your business activities.

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