Tax Reform to Be Presented at Press Conference on Friday

Total Croatia News

ZAGREB, July 25, 2019 – Addressing reporters after a cabinet meeting in Čakovec on Thursday, Prime Minister Andrej Plenković announced a press conference for Friday where the fourth round of the tax reform, i.e. new tax reliefs for entrepreneurs and citizens, would be presented.

Asked by reporters when would citizens feel the benefits of 200 kuna to 300 kuna more in their pockets, Plenković said that it was necessary to see what the average wage is today and how much it was when his government started working.

“Have a look at the minimum wage, the rate of employment, the decreased unemployment, economic growth, the investment rating, tax and administrative reliefs, and the HRK 8.5 billion surplus,” Plenković said.

He agreed with the claim that young people were emigrating every day, even those who had jobs in companies that exported their products and were doing well, announcing that part of the reliefs would be directed at young people, those who have just left the education system and entered the labour market, with the aim of reducing the tax pressure on them as much as possible.

“As far as the overall economic growth and increasing wages is concerned, not one government can do that overnight. All the trends over the past three years have been positive, both in terms of wage and economic growth,” he said.

Free movement has enabled something our citizens could not utilise before, Plenković said and added that Croatia is experiencing the same thing that central and eastern European countries did in the first few years of absolute liberalisation, they had emigration trends which then decreased and stabilised.

“The same thing will happen in Croatia,” he said, claiming that “we will soon see how significant that impulse was to development.”

By raising the standard of living, fewer people will want to emigrate, he added.

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


Subscribe to our newsletter

the fields marked with * are required
Email: *
First name:
Last name:
Gender: Male Female
Please don't insert text in the box below!

Leave a Comment