Zagrebacka Banka d.d.
Summary:
Amendments to The Profit Tax Act and The Income Tax Act prescribe the decrease of withholding tax rate on dividend.
Fri, 11/12/2020
Croatian Parliament adopted a package of legislation including the amendments to “The Profit Tax” and “The Income Tax” Acts decreasing the withholding tax on dividends and shares in profit paid to foreign legal entities and individuals (both domestic and foreign) from the rate of 12% to 10%.
Amendments to the above mentioned acts will become effective on Croatian market as of 1 January 2021.
Impact on investors: Decrease of the withholding tax rate on dividend from 12% to 10% to become effective on Croatian market as of 1 January 2021.