Pursuant to the Law on the introduction of the euro as the official currency in the Republic of Croatia (Official Gazette 57/22 – 88/22) from January 1, 2023. year, the euro becomes the official currency that will be used in payment transactions in the Republic of Croatia.
The established fixed conversion rate is = HRK 7.53450 for EUR 1.
Currently, Croatia i sin the period of dual display of currencies i.e. prices – in kuna and in euros. This is in force from September 5 to December 31, 2022., during which the official currency of payment in domestic traffic is kuna.
The obligation of stating both currencies is applied exclusively in direct relation to CONSUMERS in the Republic of Croatia (Consumer is any natural person who enters into a legal transaction or operates on the market outside of his trade, business, craft or professional activity).
Dual currencies stating does NOT include commercial contracts, i.e. offers, advances, invoices, etc. documents between business entities (B2B), public authorities, i.e. state institutions, foreign legal and natural persons, etc.
In the period from January 1 to December 31, 2023, amounts on invoices issued to consumers must be stated in euros, and the total amount on the account must be in euros and kuna with a fixed conversion rate.
Invoices that will be issued to consumers in the period from January 1 to January 14, 2023 will be possible to charge in cash transactions both in kuna and euros, but it is the obligation of the business entity to return the rest of the money in euros, unless due to objective reasons this is not possible – then it is allowed to return the balance in kuna or in kuna and euros.
Invoices for sales made from January 15, 2023 onwards can be charged exclusively in euros, regardless of the fact that the total amount on the invoice should be expressed in euros and kuna, until December 31, 2023.
Until the end of the year (31st of December 2022), the CNB (Croatian National Bank) will continue to publish the exchange rate list for the kuna in relation to the euro, the use of which will not change compared to the previous one. All contracts that apply a currency clause in relation to the kuna to the euro or sums determined in euros that must be converted into kuna when calculating and paying will continue to apply the appropriate exchange rates from the exchange rate list published by the CNB or perhaps another exchange rate of the bank.
Invoices for goods and services issued to business entities accured until and on December 31, 2022:
| issued until and on December 31, 2022:
– they are to be stated in kuna, – are recorded in the business books for the year 2022 in kuna – and if their payment currency is until December 31 – they are charged in kuna |
issued on January 1, 2023 and after:
– they are to be stated in euros, – for the services provided in 2022. are recorded in the business books for the year 2022 in kuna – and are billed in euros (exceptionally – cash payment in kuna is allowed during the period of dual circulation with the application of restrictions on payment amounts from the Act on fiscalization in Cash Transactions) |
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