business opportunities for india in croatia - Federation of Indian ...

applicant thereof and issue a Certificate on the eligibility status of the
recipient of incentive measures not later than 60 days from the day of the
receipt of the application.
During the period in which incentive measures are used, the recipients of
incentive measures must submit written annual reports on the use of the
incentive measures to the Ministry of Economy, Labour and
Entrepreneurship and to the Ministry of Finance, Tax Administration. The
annual reports must be submitted together with the profit tax declaration in
accordance with the deadlines laid down by the Profit Tax Act.
If the recipient of incentive measures, tax concessions and tariff
concessions fails to submit the report within the specified deadline, his
right to use the approved incentive measures will be revoked and his status
of the recipient of incentive measures will be withdrawn.
The mandatory content of the application for obtaining the status of the
recipient of incentive measures together with accompanying standard
forms, the procedures of applying for, approving and using incentive
measures, as well as the content of the report on the use of incentive
measures is defined by the government of the Republic of Croatia by a
regulation.
The companies which use incentive measures, tax concessions and tariff
concessions for investment retain the right to use the approved incentive
measures, tax concessions and tariff concessions until the expiry of the
period for which these were approved.
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