On 16 December 2022, the Croatian parliament approved a law for the introduction of an extra profits (windfall) tax that applies for sectors at a rate of 33%. The tax applies for one tax period beginning on or after 1 January 2022 for companies with total income exceeding HRK 300 million and taxable profit that is at least 20% higher than the average taxable profit in the previous four years, 2018 to 2021. The basis for the tax is the difference between the taxable profit earned in the 2022 period and 120% of the average profit. For this purpose, the...