LAWS TO WATCH: General Tax Act
The legislation harmonises with Directive 2014/107/EU, regarding the mandatory automatic exchange of information in the field of taxation.
This provides a procedure for information collection for all reporting financial institutions and reporting obligations to the Tax Administration, which is responsible for the exchange of information between EU member states.
The legislation prescribes the implementation of the Foreign Account Tax Compliance Act (FATCA) Agreement between the Croatian and US governments on the execution of tax obligations signed on 20 March 2015.
Proposed by: Ministry of Finance
Note: Public debate is open until 29 November