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Croatia Tax: Change of Submission Deadlines for Tax Returns and Annual Financial Statements

The COVID pandemic has resulted in operating difficulties for many companies throughout the Croatian economy. To facilitate the process of final accounting controls and the preparation of annual financial statements in these specific circumstances, the Croatian Ministry of Finance has amended the ?Rules on the Implementation of the General Tax Law? and extended the deadline for the submission of corporate tax returns.

Corporate Tax Return (Form PD)

The corporate tax return for the period running from 1 January?2020, or from any date in 2020, must be submitted to the Tax Administration no later than 30 June 2021. The same submission period will also apply to other forms/statements which supplement the corporate income tax return (e.g., Form PD-IPO, Form OPZ-STAT-1, Form TZ 1).

It should be noted that the extension of the deadline will not apply to taxpayers whose tax period does not correspond to the calendar year, or whose obligation for submitting the corporate tax return is not due for four months after the expiration of the tax period, explain the Ecovis experts. The deadline for the payment of corporate income tax and other public charges is 30 June 2021.

Annual Financial Statements for Statistical Purposes and Public Disclosure

Under the ?Rules on the Deadlines for the Submission of Financial Statements and Accounting Records in Specific Circumstances?, the annual financial reports for statistical and other purposes must be submitted by 30 June 2021, while the financial reports for the purposes of public disclosure must be submitted by 31 August 2021. Taxpayers whose fiscal year corresponds to the calendar year may send these reports simultaneously by 30 June 2021. Entrepreneurs who are subject to consolidation must submit annual consolidated financial statements by 31 October 2021.

Even if the deadlines for these declarations have changed, the Ecovis advisors recommend that they are completed before the statutory deadline. The taxpayer may autonomously and independently submit the corporate tax return and the annual financial statements to the Croatian Tax Administration and the Financial Agency respectively, or this may be done on the taxpayer\-\-s behalf by a proxy using a digital certificate.


For further information please contact:

Kristijan Novak, Head of Accounting, ECOVIS FINUM, Zagreb, Croatia,

Email: k.novak@finum.hr

Ecovis is a leading global consulting firm with its origins in Continental Europe. It has almost 8,500 people operating in nearly 80 countries. Its consulting focus and core competencies lie in the areas of tax consultation, accounting, auditing and legal advice.

The particular strength of Ecovis is the combination of personal advice at a local level with the general expertise of an international and interdisciplinary network of professionals. Every Ecovis office can rely on qualified specialists in the back offices as well as on the specific industrial or national know-how of all the Ecovis experts worldwide. This diversified expertise provides clients with effective support, especially in the fields of international transactions and investments ? from preparation in the client?s home country to support in the target country.

In its consulting work Ecovis concentrates mainly on mid-sized firms. Both nationally and internationally, its one-stop-shop concept ensures all-round support in legal, fiscal, managerial and administrative issues.

The name Ecovis, a combination of the terms economy and vision, expresses both its international character and its focus on the future and growth.

Posted by on 24. June 2021. Filed under Internet. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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