Croatia: Living There - Tax Issues
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Last Updated: Mar 07, 2007
Living There
Personal Income tax follows progressive rates from 15% to 45%. The annual income tax bands are as follows:
INCOME TAX |
|
| TAXABLE INCOME, HRK () | MARGINAL TAX RATE |
| Up to 38,400 (5,297) | 15% |
| 38,400 - 96,000 (13,241) | 25% on band over 5,297 |
| 96,000 - 268,800 (37,076) | 35% on band over 13,241 |
| Over 268,800 | 45% on all income over 37,076 |
| Source: Global Property Guide | |
A personal allowance of HRK1,600 (221) per month or HRK19,200 (2,648) per year is deductible for both domestic and foreign taxpayers in Croatia. Contributions to health care insurance are also deductible with a minimum and maximum exemption of HRK1,600 (221) and HRK3,000 (414) per month respectively.
The following deductions are exclusive to residents of Croatia:
- Annual deduction of HRK9,600 (1,324) for dependents other than ones children or for alimonies paid to ex-spouses (50% of basic allowance)
- For dependent children:
DEDUCTION |
||
| # OF CHILDREN |
ANNUAL DEDUCTION, HRK () |
% OF BASIC ALLOWANCE |
| 1 | 9,600 (1,324) | 50% |
| 2 | 13,440 (1,854) | 70% |
| 3 | 19,200(2,648 | 100% |
| 4 | 26,880 (3,708) | 140% |
| 5 | 36,430 (5,032) | 190% |
For each subsequent child, the multiplier for the basic personal allowance increase progressively from the preceding child e.g. 0.6, 0.7, 0.8, 0.9, etc.
- Allowance for disabled taxpayers or dependents of HRK5,760 (794) or HRK19,200 (2,648) depending on the degree of disability.
- The price of purchase or construction of first dwelling such that the taxpayer doesnt own any previous property and that he intends to make it his primary residence.
Croatia - more data and information
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