Home » Business » Finance Minister Promises No New Taxes

Finance Minister Promises No New Taxes

CroatiaNew Croatian Finance Minister Boris Lalovac has promised that there will be no new taxes during a live television interview on Monday…

Speaking to Nova TV, the newly appointed FM said that there were no plans for new taxes in the pipeline after the European Commission announced earlier in the day that Croatia would have to make more cuts to reduce its deficit to below 3% of its GDP by 2016.
“I will deal more with the expenditure side of the budget. We have reached the pinnacle as far as the tax burden is concerned, ” said Lalovac. before being quizzed on the Governments’ earlier plans to introduce property tax and taxes on savings.

Lalovac said that the introduction of property tax was a lengthy process, and that there would be no extra burden for tax payers with regards to property tax in 2016 and 2017, but stated that tax on savings interest rates would come into effect next year.

Share on:
5 / 5 (1 votes)

Sign up to receive the Croatia Week Newsletter

Related Posts

Šibenik: 10 Things to Check Out

Šibenik, located on Croatia’s central Dalmatian coast, is a gorgeous city with a rich history and full of interesting sites. The Old Town is a magnificent gem with monuments dating back to the 11th century. For those wishing to explore and experience the city as well as the nature surrounding it, here are 10 interesting...

Andrea Bocelli Confirms Zagreb Concert

Famous Italian tenor and singer-songwriter Andrea Bocelli has confirmed he will perform a concert in the Croatian capital Zagreb next year. Bocelli, who became blind at the age of twelve following a football accident, will perform at Zagreb’s Arena on 10 March 2018. The concert, which will mark International Women’s Day, will be Bocelli’s fourth...

[PHOTOS] Tottenham Hotspur Owners’ Superyacht Anchors in Dubrovnik

British billionaire Joe Lewis, who owns England Premier League club Tottenham Hotspur, has anchored his superyacht in front of Dubrovnik on Croatia’s southern Dalmatian coast. Lewis’ impressive 223-ft megayacht Aviva has caught the attention of locals and tourists since it arrived in the waters around Dubrovnik this week. With an estimated wealth of over $US5.3...

[PHOTOS] Ethno Park Opens in Zagreb

Located on 40,000 m2 of land just 11 km from the centre of the Croatian capital Zagreb in Mala Mlaka, Etno Park Zagreb is open for visitors. An impressive 105-year-old typical house, or čardak as they are known, from Turopolje greets visitors at the entrance. Dubbed the “Collection of memories”, it is full of unique...

Croatia Among World’s TOP 20 Biggest Coffee Drinkers

Croatia is among the TOP 20 biggest coffee drinking nations in the world. Croatians guzzle down 4.9 kg per capita of coffee annually, putting them in 19th place in the world. With the London Coffee Festival starting today, The Telegraph have mapped the world’s biggest coffee drinking countries, according to statistics from the International Coffee...

Croatia’s Young Smart Bench Inventor Attracts Investors

Young 21-year-old Croatian smart bench inventor Ivan Mrvoš is attracting some big investment after launching his first investment cycle this week. Mrvoš’s company Include have launched a campaign on investment platform Funderbeam – which is the world’s first primary and secondary marketplace for early-stage investments. Mrvoš says the goal of Include is to attract €250,000...