ZAGREB, Aug 2, 2020 – Four-fifths of Croatian companies are bracing for an economic downturn this year, and 70% of them say that the biggest help to them would be a reduction of fiscal and parafiscal charges in the next year, shows a survey conducted by the Croatian Employers’ Association (HUP), which has about 6,000 members.
Furthermore, 36% of those polled say that their priorities are better transparency, digitalisation and a smaller and more efficient state and public administration. They are also hoping for longer deferrals of tax payments during the corona crisis.
One in 12 employers expect a rise in revenues
The survey, conducted in June, shows that as many as 78% of employers expect a decline in their revenues in 2020 in comparison to 2019, and half of them expect a fall of above 20%. On the other hand, 14% of those polled expect the same level of revenues as in the previous year, while eight percent expect a rise in their revenues this year.
The HUP acting director-general, Damir Zoric, said that the findings of the survey show that the priority of employers is a further reduction of the tax burden.
