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12 Jan 2018, Petia Krasteva, EMIS Editor

Croatian govt lowers taxes on new cars

Croatian government has decided to lower taxes on purchase of new cars, HINA reported. Under the new regulation cars with purchase price including Value Added Tax of up to HRK 150,000 (USD 24,000) will be exempted from additional taxes. The buyers of a car that cost between HRK 150,000-200,000 will pay a HRK 2,000 tax, while for cars that cost more than HRK 600,000 the tax would be HRK 60,000.

Finance Minister Zdravko Maric said two-thirds of the cars sold in Croatia are in the first category so the change should be positive for the car sales market. Meanwhile it would bring upon HRK 350mn loss in tax revenue for the state budget.

Sign in and read the full article in emis.com Original source: HINA-English Lang.Service