Croatia enables VAT refund to BiH legal entities for many expenses

NEWS 21.01.202517:01 0 komentara
Pixabay/ Ilustracija

As of the beginning of the year, all legal entities in Bosnia and Herzegovina are entitled to claim VAT refunds from Croatia for a wide range of expenses incurred in the country, the Employers' Association of BiH's Federation entity said on Tuesday.

Legal entities from BiH are exempt from VAT on services such as hotel accommodation, training, advertising, rentals, fuel purchases, toll payments, and truck servicing. The Association said this change was the result of years of advocacy and lobbying.

Amendments to Croatia's VAT Act have abolished the reciprocity requirement for VAT refunds to legal entities from non-EU countries, including BiH. The initiative to remove the reciprocity requirement was launched in 2017, and the Association spent years submitting proposals to the Croatian authorities to ensure the adoption and implementation of this measure.

“This change brings significant savings for companies from BiH, as the VAT refund will reduce costs by 25%, which is the current VAT rate in Croatia. It opens new opportunities for improving business operations and reducing expenses for BiH companies operating in Croatia,” the Association said.

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