Labour Costs to Be Lowered by July’s End

Total Croatia News

ZAGREB, July 15, 2019 – Finance Minister Zdravko Marić said on Monday that a new set of measures that will reduce the labour costs would be presented by the end of the month, but stopped short of specifying them.

On the margins of the international conference “Demographics, Jobs and Growth: Navigating the Future in Central, Eastern and Southeastern Europe”, co-organised by the Croatian National Bank and the International Monetary Fund in Dubrovnik, the finance minister only said that when it came to income and net profit taxation, the tax reform had yielded the best results in those segments so far.

He also recalled that last year, the government raised the non-taxable amount of benefits, and as a result, 1.25 billion kuna was paid to 471,000 workers in 2018 under that scheme.

As for the topic of the international conference in Dubrovnik, Marić said that there was no uniform solution to demographic problems, the lack of the labour force and their roles in economic growth.

Marić said that only sound and robust economic growth, job creation and education preparing people for the labour market could facilitate efforts to retain Croats in their homeland, attract other citizens to move to Croatia and persuade expats to come back to Croatia.

More news about taxes in Croatia can be found in the Business section.


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