National Bank of Croatia has recently reduced bank interest rate from 7% to 3% per annum and was effective from 31 October 2015. This rate will be also decrease for the purposes of corporate profit tax law. The tax rate reduced from 7% to 3% per annum for the maximum amount of deductible interest on loans from non-resident tax to a resident tax of related party and the minimum suitable interest rate on loans from a resident tax to a non-resident related party.
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Romania: Late payment interest and penalties concessions
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