12. April, 2022

CROATIA: VAT UPON IMPORT ON AN ACCRUAL BASIS

Any introduction of goods into the European Union which, in accordance with customs regulations, are not in free circulation within the territory of the European Union is subject to VAT and is considered an import of goods. Pursuant to amendments to the Value Added Tax Act of 1 January 2021, it is possible to administer VAT on import on an accrual basis when importing goods of all kinds and values. These changes have enabled a significant reduction in the burden on companies’ financial resources.

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