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Croatia Implements New Reporting Obligations for Payment Service Providers to Combat VAT Fraud and Adjusts Certain VAT Thresholds

06 November 2023

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Approved Changes

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Croatia

Croatia published the Law on Amendments to the Value Added Tax Law in the Official Gazette on 4 October 2023. The main changes concern the implementation of new reporting obligations for payment service providers from 1 January 2024 as introduced by Council Directive (EU) 2020/284 of 18 February 2020 amending Directive 2006/112/EC as regards introducing certain requirements for payment service providers. As per Council Directive (EU) 2020/284, payment service providers offering payment services in the EU are required to monitor the payees of cross-border payments and transmit information on those who receive more than 25 cross-border payments per quarter to...