On 2 December 2016, the Croatian parliament adopted a number of laws as part of Croatia's tax reform. Key measures include: 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 number of individual income tax brackets for employment income is reduced from three to two as follows: annual income up to HRK 210,000 - 24% annual Income in excess of HRK 210,000 - 36% The VAT registration threshold is increased to HRK 300,000 from 1 January...