Profit tax (corporate tax or corporation income tax) is a relatively young form of taxation that achieved its full momentum only in the 20th century and today it is present in almost all developed capitalist countries of the world. It is a tax form that taxes the result of performing an economic activity.<\/p>\n
Who is a TAX PAYER?
\n1. Trading company and other legal and natural person – (resident of the Republic of Croatia) which performs economic activity independently and permanently for the purpose of achieving profit, income, or other economic benefits
\n2. Domestic business unit of a foreign entrepreneur (non-resident)
\n3. Companies going through bankruptcy\/liquidation process
\n4. Institutions, associations, etc. – if they perform economic activity (only for that part)
\n5. A natural person who earns taxable income (craft occupations):
\na) AT OWN REQUEST – upon declaration that they will pay profit tax instead of income tax
\nb) BY FORCE OF LAW \u2013 if in the previous tax period, they received income higher than 7.500.000 kn\/995.421,06 \u20ac (excluded of VAT)<\/p>\n
TAX PERIOD
\n\u2022 Calendar year (01.01.-31.12.)
\n\u2022 Shorter \u2013 newly established companies (date of establishment \u2013 31.12.)
\n\u2022 Different business from the calendar year – at the request \/ with the approval of the tax authorities – usually foreign entrepreneurs<\/p>\n
TAX RATE
\nFor enterpreneuers with income in the tax period:
\n\u2022 up to 7.500.000 kn\/995.421,06 \u20ac – 10%
\n\u2022 from 7.500.000 kn\/995.421,06 \u20ac – 18%<\/p>\n
TAX BASIS<\/strong><\/td>\n<\/tr>\n| \u00b7\u00a0\u00a0\u00a0\u00a0 \u2022 Profit determined in accordance with accounting regulations as the difference between income and expenses, before the calculation of profit tax, increased\/decreased in accordance with the Law on Profit Tax<\/p>\n | \u00b7\u00a0\u00a0\u00a0\u00a0 \u2022 Profit from liquidation, sale, change of legal form and division<\/td>\n<\/tr>\n RESIDENT<\/strong><\/td>\n | Profit realized in the country and abroad<\/td>\n<\/tr>\n | NON-RESIDENT<\/strong><\/td>\n | Profit realized in Republic of Croatia<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n | <\/p>\n Author, Admin<\/p>\n","protected":false},"excerpt":{"rendered":" Profit tax (corporate tax or corporation income tax) is a relatively young form of taxation that achieved its full momentum only in the 20th century and today it is present in almost all developed capitalist countries of the world. It is a tax form that taxes the result of performing an economic activity. Who is […]\n","protected":false},"author":1,"featured_media":9609,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[4],"tags":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/kifsolutions.hr\/eng\/wp-json\/wp\/v2\/posts\/9521"}],"collection":[{"href":"https:\/\/kifsolutions.hr\/eng\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kifsolutions.hr\/eng\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kifsolutions.hr\/eng\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/kifsolutions.hr\/eng\/wp-json\/wp\/v2\/comments?post=9521"}],"version-history":[{"count":14,"href":"https:\/\/kifsolutions.hr\/eng\/wp-json\/wp\/v2\/posts\/9521\/revisions"}],"predecessor-version":[{"id":9746,"href":"https:\/\/kifsolutions.hr\/eng\/wp-json\/wp\/v2\/posts\/9521\/revisions\/9746"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/kifsolutions.hr\/eng\/wp-json\/wp\/v2\/media\/9609"}],"wp:attachment":[{"href":"https:\/\/kifsolutions.hr\/eng\/wp-json\/wp\/v2\/media?parent=9521"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kifsolutions.hr\/eng\/wp-json\/wp\/v2\/categories?post=9521"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kifsolutions.hr\/eng\/wp-json\/wp\/v2\/tags?post=9521"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}} |