Croatia: Adoption of the Euro

Edit Buliczka
September 28, 2022

On 12 July 2022 a Council Regulation of (EU) 2022/1207 was issued amending Regulation (EC) No 974/98 regarding the introduction of the Euro in Croatia from 1 January 2023. A fixed conversion rate between the Kuna and Euro has been confirmed, being set at 1 € = 7.53450 kn.

Based on the communication from the Croatian tax authority, we understand the first settlement period in the new currency will be January 2023 or the 1st quarter of 2023 for Motor IPT and the Croatian Fire Brigade Charge respectively. Both taxes apply equally to insurers operating on a Freedom of Services basis as they do to those established in Croatia.

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Author

Edit Buliczka

Edit is a senior regulatory counsel. She joined Sovos in January 2016 and has extensive IPT knowledge and experience. Her role ensures the IPT teams and systems at Sovos are always updated with legislative changes. She is a Hungarian registered tax expert and chartered accountant and has worked for companies in Hungary including Deloitte and KPMG and as an indirect tax manager she worked for AIG in Budapest. She graduated with an economist degree from Budapest Business School, faculty of finance and accountancy and also she has a postgraduate diploma from ELTE Legal University in Budapest.
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