Entrepreneurs are seeking a reduction in VAT and relief on reinvested earnings

first_imgAs part of the package of laws within the competence of the Ministry of Finance, the announcement of regulating the payment of contributions by members of the management board raised the most dust at the moment, and Minister of Finance Zdravko Marić said at today’s presentation of tax reform guidelines to businessmen and representatives of the Croatian Chamber of Commerce. , but to expect concrete proposals from businessmen, not just criticism. “It is not our idea to go to those who are registered full-time, but we have to address this problem. “, said Maric. The President of the Croatian Chamber of Commerce, Luka Burilović, proposed on behalf of the Croatian Chamber of Commerce that instead of increasing the burden for all raising the coefficient, it be applied only to companies that generate revenues above a certain amount or exempt new companies until a certain year. Maric emphasized that he would consider all proposals and take them into account when passing the final bill. “In the latest research of the Croatian Chamber of Commerce, entrepreneurs confirmed that taxes are the area that has made the greatest progress in improving the business climate. This shows that the past tax reform has been well implemented. It also confirms that positive economic trends need to be further strengthened by further simplifying the tax system. Although part of the package of laws was met with public outcry and part with public approval, I would like to emphasize that everyone is at the table and open to discussion. The goal of today’s meeting is to find out first hand how the economy breathes”, Said Burilovic and added that further changes to the tax system are certainly needed, but they must be sustainable, which means that they must take into account the expenditure side of the budget and the rest of the system, such as health and pension system.”With regard to the income tax law, we welcome the increase in the tax base for the application of the 24 percent tax rate. By reducing the pressure on above-average wages, we can retain more value-added workers, such as doctors and IT professionals. We also believe that switching fresh meat and fish to a reduced rate of 13 percent will increase the competitiveness of domestic companies in relation to imported products. “, Burilovic emphasized.As expected, businessmen from all sectors, from small shipbuilding and tourism to the wood processing industry and egg production, appealed for a reduction in VAT, and the universal demand was to provide incentives for reinvested profits. Numerous other concrete proposals were made to the Minister and his associates.  Jakov Ćorić from the company Gala complained that it was a huge omission that eggs are not a category involved in the reduction of VAT, along with meat, fruit, vegetables and fish, and asked for relief from investments, especially reinvested profits. President of the Association of Small Shipbuilding HGK Boris Vukusic also demanded a reduction in VAT on vessels, and on the same track were the appeals of Boris Zgomba, president of the Association of Travel Agencies HGK who complained about the high tax burden in tourism. Minister of Finance Zdravko Marić said that the reform was done with the best intention to relieve the economy, within the framework set for them. “Comprehensive and comprehensive tax reform is what we insist on, we want a fairer system that will also be more competitive. Without a strong economy, we cannot reach sustainable solutions in the pension and health care system, but also in demographic terms. “, said Marić, adding that it is important that changes in the tax system are made consistently and as predictably as possible. Marić presented the data according to which the tax pressure on work in Croatia with the aim of proving that it is not as great as it is presented in public. He also refuted the theory of “super-hiccup” reform, showing that the tax wedge on below-average wages is the smallest compared to competing countries (EU 10), and we are at the very top in terms of taxation of above-average wages. He reminded that the tax reform reduced VAT rates for the supply of electricity and garbage collection, and stated that with this reduction for housing and the planned reduction of the VAT rate for fresh fruit, meat and fish, the amount is almost three quarters. consumption of the average Croatian family with the lowest income. “Over HRK 6,3 billion in tax relief in three rounds of tax reform, this is our contribution to the economy, but it is not enough because the tax system cannot be the only solution to our economic problems. We want to be your service, we want to simplify your business, but it is process and we can’t get to that overnight”, Concluded Marić. Get involved in the public debate The Ministry of Finance has sent a package of nine laws related to tax reform to public discussion. The public hearing will last until 6.9.It is proposed to increase the tax base for the calculation of income tax at a rate of 24 percent from HRK 17.500 to HRK 30.000, the abolition of employment contributions and injuries at work in the total amount of 2,2 percent on salaries and increase health insurance contributions from 15 to 16,5 , 4 percent. The real estate sales tax will be reduced from 3 to 2020 percent, and the general VAT rate will be reduced from 25 to 24 percent in 1.1. From 13. a lower VAT rate of XNUMX percent will apply to fresh meat, fish, fruit, vegetables and baby diapers.It is also proposed to increase the flat tax on beds in camps and within households and farms – currently the flat rate is 350 kuna per bed, and in the future it would be determined by local governments in the range of 700 to 1500 kuna per bed.Get involved in public debate (e-consultation)last_img read more

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Two injured in Franklin County car crash

first_imgFranklin County, In. — A Friday crash in Franklin County injured two Cincinnati residents on U.S. 52 near Little Cedar Road.A report from the sheriff’s department says Rebecka N. Holmes, 18, was westbound on U.S. 52 going around a sweeping curve when her vehicle began to spin. Holmes overcorrected, drove off the north side of the roadway hitting an embankment and rolled onto the driver’s side.Holmes and her passenger, Sarah Holmes, 48, has to be extricated and were transported to Mercy West Hospital in Fairfield, Ohio. The extent of their injuries is not known.The Franklin County Sheriff’s Department, volunteer fire departments from Brookville and Cedar Grove and Franklin County EMS responded to the scene.last_img read more

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