The production of eggs is regarded as any other type of agricultural production with biological processes and biological assets, which are recorded as long term or short term assets in financial reports.The article deals with the accounting of egg production on farms that apply double-entry book-keeping, which means for legal persons and family farms which are income tax payers.
Domestic companies extend their business operations by setting up representative offices abroad aimed at achieving better financial results and strengthening their competitiveness on the foreign market. The author of the article deals with the procedures of setting up a representative office abroad, the accounting of expenditure in the business records of the domestic company and the tax position of employees working in the representative office abroad.
The accounting of non-profit organizations applies specific regulations. The non-profit associations can have transactions arising from the business relations with their members.The author of this article presents the examples of book-keeping in the ledger of transactions referring to the receivables.
Autor: Mr. sc. Nada DREMEL, dipl. oec., ovl. rač. i ovl. rev.
The news in calculation of salaries and other income and the introduction of the contributions on rental fees and income from property rights in 2009 refer to the provisions of the new Act on Contributions which becomes effective on 1 January 2009. All the liabilities referring to the contributions for the year of 2008 which are to be paid in 2009 will be paid according to the provisions which were effective in 2008. The provisions of the Act on Contributions will be applied on the receipts realised from January 2009.The author of the article writes about the application of the provisions referring to the salaries, other income and rental fees in accordance with the Act on Contributions.
Autor: Lucija TURKOVIĆ-JARŽA, dipl. oec. i ovl. rač.
Employers have to calculate and pay contributions for employment of 1.7% on the employee's salary for obligatory insurance in case of unemployment. According to the Act on Professional Rehabilitation and Employment of Disabled Persons all the employers, except those who employ 20 or less persons, are obliged to pay a special contribution on stimulation of employment of disabled persons of 0.1%. The employers who are obliged to employ a disabled person and have not fulfilled this obligation, have to pay a special contribution at the increased rate of 0.2%.The author of the article presents the procedure of calculations of the special contribution for employment of disabled persons.
Upon expiration of the tax year, calendar year, employers are obliged to submit the reports on paid salaries for each employee in the IP Form to the Tax Office. The report for the year of 2008 is to be submitted until 31 January 2009.The author of the article writes about the procedures of drawing up reports to be delivered to the Tax Office, the calculation, retention and payment of income tax and sur-tax.
Autor: Lucija TURKOVIĆ-JARŽA, dipl. oec. i ovl. rač.
The public and private partnership has become a popular way of financing infrastructure facilities since it brings benefits to the public (government bodies) and private partners. Such a way of financing can be proclaimed as an illegal government subsidy if the access to the constructed infrastructure facility is not available to all beneficiaries. This article deals with the cases of government subsidies.
Free zones represent a separate area of a country with more favourable conditions of business operations in terms of customs, tax and other relief. The legislation regarding business operations in free zones was not regulated properly and raised a number of issues due to its non-compliance with other regulations. Such unclear issues have been considerably reduced by the Act on Amendments of the Act on Free Zones.The article deals with the specifics regarding business operations of free zone users stressing the changes resulting from the amended Act.
Current money transactions with foreign countries, which primarily comprise foreign trade transactions and payments, have been free for a long time. The entire liberalization of the capital account was announced for the beginning of the year of 2009, which means that the total freedom for specific capital businesses was planned for all the residents including physical and legal persons.The author of the article deals with the changes of foreign currency transactions in 2009 according to the amendments of the Act on Foreign Currency Transactions.
The new General Tax Act came into effect as at 1 January 2009 except the provisions from the Articles VIII. And IX. which refer to the administrative co-operation among the EU member countries in the field of taxation and exchange of information on the paid interest rates on savings accounts, which will become effective upon Croatia's entry into the EU. Although the implementation of the new Act was necessary in order to comply the Croatia's taxation system with the EU legislation aimed at the preparation of the Republic of Croatia for the full membership in the EU, the new Act brings some other new provisions compared to the old General Tax Act.The article deals with the above stated news and alterations.
Autori: Mr. sc. Marijana VURAIĆ KUDELJAN Davorka Štimac, dipl.iur
The personal identification number is introduced in the legal system of the Republic of Croatia in accordance with the Act on Personal Identification Number. According to its provisions the personal identification number represents a permanent identification mark of each person used by the public authorities in their everyday activities upon registration of persons into official records and exchange of information.The article provides the information regarding determination and assigning of the personal identification number, its introduction into the official records and the positive effects resulting from its use.
Autori: Mr. sc. Ivica MLADINEO, dipl. oec. Mr. sc. Marijana VURAIĆ KUDELJAN
The obligation of drawing up annual reports on the calculated and paid special tax – excise duties represents for manufacturers and importers of goods, who are obliged to pay special taxes, an opportunity to correct possible mistakes regarding overpaid or insufficiently paid special taxes during the year of 2008. The reports are to be submitted to the authorized customs office until 31 January 2009 enclosing the annual list of inventory as at 31 December 2008. In case of tobacco products the list is to be delivered to the Central Customs Office of the Ministry of Finance. The author of the article presents the procedures of drawing up annual reports on special taxes.
Autor: Mr. sc. Ljerka MARKOTA, dipl. oec. i ovl. rač.
The purpose of the Act on amendments of the Act on Special Tax on Tobacco Products is to remove different tax burdens between specific cigarette groups, according to which a special tax is calculated and collected. From 1 January 2009 the different tax burdens between specific cigarette groups (A, B and C) will be decreased, whereas from 1 January 2010 the different tax amounts on specific cigarette groups should completely be cancelled. The raised amount of special tax on cigarette groups (A and B) will result in the increased retail prices of these cigarette groups. The European Commission considers the present taxation model of cigarettes in the Croatian legislation discriminating for importers and foreign cigarette producers. The author of the article writes about the system of cigarette taxation according to the new provisions.
Hairdresser's shops, pedicurists, cosmetologists and other similar service trades are mostly registered as crafts trade. The way of recording their business events requires a special attention in view of business records and the obligation of keeping specific records regarding purchase and use of operating supplies. The author of the article stresses the specifics of such operations for income tax payers who determine their income according to the determined business records.
The new Act on Restricted Use of Tobacco Products became effective two months ago. Following the normative practice of the most European countries the Republic of Croatia has thus regulated the highest quantity of poisonous ingredients per cigarette and the way of marking a packing of tobacco products, which is to be followed by manufacturers and importers. The new Act also limited the sales of tobacco products to specific stores, prohibited sponsorships and advertising of tobacco products and introduced, with some exceptions, the total smoking prohibition in all closed-up areas.
Due to a large number of enquires and newspaper articles on the recession the author of this article points out the provisions in the new Article on Employment Mediation and Rights during Unemployment Period, which becomes effective on 1 January 2009. The article states which persons can be regarded as unemployed, the procedures of their registration at the Employment Office and their rights.
The last novelties of the Companies' Act, which became effective on 1 April 2008, cancelled the obligation of the limited liability company management to inform the competent commercial court on the changed/unchanged business shares until 31 January each year.The obligation of each limited liability company to have and keep the book of business shares in which company owners are registered still exists.
The contract on employment signed with each employee comprises some obligatory elements determined by the Labour Act and a collective agreement made within a particular branch or business activity. Due to the fact that the labour and legal framework is not sufficient in case of contracting the rights of managing or executive directors regarding their specific working obligations, salaries and awards, it should be extended in accordance with the obligatory legal regulations. In view of provisions and economic facts the author of the text provides two models of the contracts between executive directors and the management.
Budget beneficiaries keep their business records according to the specific regulations regarding budgetary accounting.The author of the article presents book-keeping of business transactions referring to sick-leave and granted loans.
Autor: Mr. sc. Nada DREMEL, dipl. oec., ovl. rač. i ovl. rev.
