The Croatian Tax Administration recently clarified the applicable corporate tax rate for non-calendar tax years given changes in the tax rate resulting from the tax reform measures that entered into force 1 January 2017 ({News-2016-12-09/A/3- previous coverage}). As part of the reform, the standard corporate tax rate is reduced from 20% to 18%, and a reduced corporate tax rate of 12% is introduced for small business with annual revenue up to HRK 3 million. The Tax Administration has clarified that the new rates apply for tax years beginning on or after 1 January 2017, and for tax years that began...