60% Turnover Growth As Fiscalisation Laws Start To Show Results
- by croatiaweek
- in Business
Croatia’s new fiscalisation laws which were introduced at the start of this year are beginning to produce dividends, says Croatia’s Minister of Finance Slavko Linic, but he insists there is still a long way to go and warns that no mercy will be shown to those who have still not yet introduce fiscal cash registers.
Total revenues in the accommodation, food services travel agency sectors in the first five months of this year totaled 6.79 billion kuna (940 million euros), 11.4% more than the same period last year, announced the Ministry of Tourism on Tuesday. Cafes and bars, who have been the main target of the new fiscalisation laws in the country, declared a massive 59% more through the tax system in the month of May, but Linic is still not satisfied. The Minister says that he is expecting 100% increase by the end of year. Linic told RTL television that any business avoiding tax is not needed and of no benefit to the country.
