The Croatian parliament has approved the Bill on Amendments to the Value Added Tax Act on 13 December 2024, raising the VAT registration threshold from EUR 40,000 to EUR 60,000, surpassing the initially suggested EUR 50,000.
In light of this new threshold, existing registered taxpayers are permitted to submit a request for deregistration by 15 January 2025.
Additionally, provisions have been established for the EU small business scheme concerning cross-border supplies, meaning Any small enterprise with a total annual turnover of no more than EUR 100 000 (or the equivalent in national currency) in all Member States in the current calendar year and in the previous calendar year is eligible for the VAT exemption in its Member State of establishment (MSEST) and/or in other Member State(s) under the cross-border SME scheme.
