As of 1 January 2013, companies are not obliged to pay tax on profit which is reinvested into the share capital.
Use of the tax relief is possible only for the profit registered in the share capital and realised in the tax period for which the tax return is submitted. Tax relief cannot be applied for the profit realised by financial institutions. Tax relief can be applied by decreasing corporate profit tax (“CPT”) base for the amount of profit used for share capital increase upon submission of the CPT Return.
On 26 April 2013 the Croatian Parliament adopted the Law on Collection of the Tax Debt of Individuals.
The Law enables individuals to request write off of the penalty interest and to repay the tax debt principal in instalments at the interest rate of 4.5% per annum.Reprogramming of the tax debt principal is granted in monthly instalments depending on the amount of the tax debt.
In tax advisory, auditing and advisory, not only the phrase “other countries, other customs” is valid but also other markets, other legislation, other languages and much more. Therefore, we await you on-site with high-quality consultancy, know-how and an understanding for your individual situation. Because even if everything else is different, one aspect should remain the same: your corporate success.
International consulting company Crowe Horwath International, whose member firm is TPA Horwath Croatia, won the International Accounting Bulletin (IAB) Award for the advisory firm of the year for 2013. The gala ceremony was held on March 14th in London. This prestigious award is given to a consulting firm that has made a significant difference in the industry through innovation and excellent service.
TPA Horwath won in the category "Tax & Financial Adviser of the Year" (already for the 3rd time) and also in the category "Professional Service Provider of the Year" at the 5th annual region's premier retail awards event - EuropaProperty CEE Retail Real Estate Awards. The Awards Gala took place in Warsaw at the InterContinental Hotel on February 21, 2013.
TPA Horwath has entered a new market by opening an office in Tirana, making Albania eleventh country in which TPA Horwath experts are present. Domestic and foreign investors and companies are now able to use accounting , tax, regulatory, audit and other advisory services directly in Tirana.
TPA Horwath Croatia is one of the leading consulting companies in Central and South Eastern Europe. The TPA Horwath Group currently has 26 offices in Albania, Austria, Bulgaria, Croatia, the Czech Republic, Hungary, Poland, Romania, Serbia, Slovakia and Slovenia.
Rogner Hotel Tirana