Ms Anita Krizmanić

Anita Krizmanić

Updates

Banking & Financial Services

Croatia reaches major milestone for admission into eurozone
Croatia | 20 October 2020

Seven years after its accession to the European Union, Croatia has entered the last stage of preparation to adopt the euro. The European Central Bank recently announced a list of eight Croatian banks which will be under its direct supervision following the country's admission to the exchange rate mechanism (ERM II) and the banking union. Since Croatia entered both the banking union and ERM II simultaneously, adopting the euro may be possible in 2023.

Corporate & Commercial

Measures introduced to protect businesses affected by COVID-19 pandemic
Croatia | 06 April 2020

On 20 March 2020 Parliament almost unanimously passed amendments to 19 laws enabling the government to implement rules and regulations for 63 different measures which aim to help and protect domestic businesses, companies and citizens whose business activities have been affected by the COVID-19 pandemic. This article provides an overview of the most important measures.

Corporate Tax

Tax exemptions introduced to protect businesses during COVID-19 pandemic
Croatia | 15 May 2020

The second package of government measures for mitigating the effects of the COVID-19 pandemic on the Croatian economy, which recently entered into force, includes a number of tax exemptions for companies. For example, companies whose revenue in April 2020, May 2020 and June 2020 has fallen by 50% or more compared with the respective month in 2019 will be completely exempt from their tax liabilities – namely, from paying profit tax, income tax and contributions.

Employment & Immigration

Measures introduced to preserve employment during COVID-19 pandemic
Croatia | 20 May 2020

A second package of government measures for mitigating the effects of the COVID-19 pandemic on the Croatian economy recently entered into force. The measures for reducing the rate of unemployment include subsidised salaries for employees in affected sectors, the discontinuation of existing employment and self-employment subsidies to secure additional funds to preserve employment in affected sectors and the extension of subsidies for permanent seasonal workers.