Home » Latest » President Josipovic: Not Sure We Are Ready For Real Estate Tax

President Josipovic: Not Sure We Are Ready For Real Estate Tax

Croatian President Ivo Josipovic believes urgent reforms are needed to be made if Croatia expects to attract investment. Josipovic, who is a professor of law, agreed during an interview on Nova tv that the investment climate in Croatia was not in good shape.

“It is now a fact that nobody denies. I look at it as a lawyer, I think we have a lot of over-complicated regulations and overly complicated procedures that are sometimes taken advantage of for corruption and here we need to be open,” said Josipovic.

The President also commented on the new real estate tax law which is set to come into effect on 1 April 2013, which among other changes will see  unused properties hit with a 1.5% tax on 75% of the value of the property.

“When it comes to real estate tax, I think that Croatia has not yet come to that ideal tax system where the tax base is relatively broad and those who are wealthier contribute significantly more. What is evident is that its (the new tax) possible introduction was not accompanied by an appropriate introduction – to inform the public what, how and why, so even now we do not know exactly what it will be until it comes out. I do not know if we’re ready for its introduction, if reforms are made we are, if they are not, we are not,” concluded Josipovic.

Share on:
0 / 5 (0 votes)

Sign up to receive the Croatia Week Newsletter

Related Posts

36 Croatian Smart Benches Shipped to Australia

Croatian company Include, who developed ‘the world’s best smart street bench’ have sent their first container to Australia with 36 Steora smart benches. The smart benches, which will be placed in various cities across Australia, now join 5 already installed benches down under in Melbourne and Perth. The Steora smart bench is a solar-powered bench...

[VIDEO] 47 Years Ago Today Dubrovnik’s Last Tram Rides

One from the Did You Know files. Did you know that the popular Dalmatian city of Dubrovnik, known as the Pearl of the Adriatic, had a tram service? The first tram in Dubrovnik commenced operations 10 December 1910. The tram operated between the City gates at Pile to the nearby port of Gruž. This line...

Traditional Croatian Hairstyles in Modern Form

By Iva Ralica Traditional hairstyle probably sounds pretty prose when given the variety of colors, forms and hair accessories of today. Sometimes it suits the occasion perfectly and yet there are times when girls wish to have a unique look. This can also work if we remember all the traditional forms and place them in...

Summer in Zagreb: 5 Must-Visit Events in August

By Tina Kovačiček August in Zagreb used to be a month when everything would stop. Zagrebians would rush to the coast for the holidays and only rare enthusiasts would enjoy capital in this summer peak. Those days are over! Especially in the last couple of years when Zagreb was put in the hot spot by many...

Croatia 50/50: Unique Underwater Exhibition Opens

A unique exhibition where visitors must go diving to see the exhibits has opened this week in the capital Zagreb. The underwater exhibition by Marjan Radović is going on at the brand new Svetice swimming pool complex in Zagreb. Through his photos, Radović wants to draw attention to the beauty of the underwater world and...

UNESCO Names New World Heritage Sites in Šibenik & Zadar

Two historic sites on Croatia’s Dalmatian coast have been named as UNESCO World Heritage Sites today. One of the most famous sights in Šibenik – St. Nicholas Fortress – and Zadar’s fortified city walls and gates have now been confirmed as UNESCO protected World Heritage sites. The decision was confirmed at the 41st meeting of...