The American Chamber of Commerce in Croatia (AmCham) held a meeting with the Chairperson of the Finance and State Budget Committee in the Croatian Parliament, Boris Lalovac, where the "Recommendations for Reforming the Tax System in 2024" were presented.
The position paper included a series of recommendations that involve administrative measures to facilitate business operations for entrepreneurs, as well as building a partnership between tax authorities and the business community.
Proposed tax changes aim to relieve businesses and increase the income of workers in Croatia. Key recommendations include increasing the non-taxable personal deduction to 840 EUR, raising the threshold for entering the higher income tax bracket to 5,000 EUR per month, and applying the highest monthly and annual bases for calculating contributions for health insurance.
In the medium term, AmCham believes that the direction should be toward reducing income tax rates, which would have an additional strong positive impact on the Croatian economy and increase the purchasing power of a large number of employees.
AmCham has been monitoring tax changes and global trends for years and publishes a comprehensive position aimed at improving the Croatian tax system and ensuring its efficiency, which is crucial for supporting economic development and attracting foreign investments.
Mr. Lalovac thanked the AmCham representatives for their comprehensive presentation of the business community's positions and called for continued cooperation between the Chamber and the Parliamentary Finance and State Budget Committee.
Attendees included Andrea Doko Jelušić, Executive Director, AmCham; Hrvoje Jelić, Chair of AmCham's Trade and Investment Committee (PwC); Petra Megla, Member of AmCham's Trade and Investment Committee (KPMG) and Vladimir Nol, Member of AmCham's Trade and Investment Committee (Mazars).
Since 1998, AmCham Croatia has represented American, international, and Croatian companies' business interests. With over 350 members employing around 100,000 people, we are the voice of international business in Croatia. We are the first choice of international companies for policy advocacy in Croatia.
Join us now