The articles present a complete description of drawing up annual financial reports and forms referring to the calculation of the obligatory taxes, contributions, membership fees and compensations which are to be delivered within the same deadline as financial reports. They all refer to companies, crafts businesses (profit makers) and private institutions which pay profit tax and apply a double-entry accounting according to the Accounting Act.
Due to the objective circumstances (economic crisis) a number of company owners are forced to liquidate their business. There is a frequent question how to start the procedure of company’s liquidation. The authors of the article analyse some important issues referring to the liquidation of companies, the term liquidation and its realisation, the position of a liquidator, the continuation of a company, liquidation financial reports as well as the financial, accounting and taxation viewpoints of liquidation, which is especially important in the current practice.
Autori: Mr. sc. Katarina HORVAT JURJEC, dipl. oec. i ovl. rač. Ante VIDOVIĆ, dipl. iur.
The payers of value added tax, who present their business operations in the system of budgetary accounting, record their business events by means of the corresponding book-keeping accounts on which VAT is presented. They are recommended to open sub-analytical accounts in order to more easily monitor tax books and the data presented in them. The article presents the procedure of recording of the business events referring to the value added tax in the budgetary accounting.
Autor: Mr. sc. Nada DREMEL, dipl. oec., ovl. rač. i ovl. rev.
After checking up the recorded business events in 2009 and before drawing up the financial reports for 2009 it is necessary to perform final recordings. The article describes the procedure of the final recording in the accounting of non-profit organizations.
Autor: Mr. sc. Nada DREMEL, dipl. oec., ovl. rač. i ovl. rev.
Besides their regular activities some non-profit legal persons perform minor production activities. The sales of such products on the market results in income. The income realized in this way is used by non-profit legal persons for the purposes they have been established for. The article presents the procedure of recording the production and sales in the accounting of non-profit organizations.
Autor: Mirela GLAVOTA, dipl. oec., ovl. rač. i ovl. rev.
The non-profit organizations which are entered in the Register of Non-Profit Organizations and which keep double-entry accounting are obliged to submit their financial reports for 2009 to the Financial Agency until 1 March 2010. The article presents the procedure of drawing up annual financial reports for 2009 and their delivery to the Financial Agency.
According to the Directive on base amounts for calculation of contributions for obligatory insurance in 2010 new bases for payment of contributions upon calculation of salaries are to be applied in 2010. Accordingly, upon the calculation of salaries for January, which are usually paid in February, the lowest and the highest monthly bases and the lowest and the highest annual bases for payment of contributions are to be applied. The insured persons who pay contributions according to the decree by the Tax Administration, will receive a new decree on the contribution bases to be paid in 2010. The article presents the model of calculation of contributions and salaries according to the new regulations.
Autor: Lucija TURKOVIĆ-JARŽA, dipl. oec. i ovl. rač.
Form The specification of the insured persons referring to the calculation of contributions for obligatory pension insurance is to be prepared on the R-Sm Form and submitted to the Central Register of Insured Persons (REGOS). The article presents the instructions for drawing up the R-Sm Form with a special emphasis on the application of the personal identification number (OIB) in 2010.
The amendments of the VAT Act and the new VAT Rulebook represent one of the changes in VAT taxation which the Republic of Croatia has to face with before its joining the European Union. The compliance of the Value Added Tax Act will be completed upon passing the Act on the date of the acceptance of Croatia in the European Union. The authors of the article present and point to the application of the regulations on value added tax starting on 1 January 2010.
Autori: Mr. sc. Zlatko FABIJANČIĆ Renata Kalčić, dipl. oec.
Profit tax payers may in their tax report reduce a tax base and tax rate in accordance with the Profit Tax Act, the Profit Tax Rulebook and the provisions of special regulations. According to the special regulations tax payers may pay profit tax according to the rate which is lower than the rate determined by the law. The article presents some viewpoints of tax reliefs and tax exemptions in the areas of a special state care, the mountain and hill areas and the Town of Vukovar referring to the profit tax payers who perform their activities in these areas.
The obligation of calculation and payment of special tax refers only to manufacturers and importers of the products which are taxed by a special tax. Such an obligation is calculated by the customs office and the person obliged to pay this tax in the country is the manufacturer. The persons obliged to calculate and pay a special tax during the year also have to draw up annual reports on the calculated and paid special taxes for the previous business year. The article represents the procedure of drawing up an annual report on special taxes.
Autor: Mr. sc. Ljerka MARKOTA, dipl. oec. i ovl. rač.
Employers – payers of salaries, other income (author's fees, fees according to contracts on temporary services, etc.), income from capital, income from insurance, income from property rights and payers of other not mentioned receipts, for which they have calculated and deducted the income tax and surtax, are obliged to submit to the authorized Tax Administration the report on the paid receipts and the calculated, deducted and paid income tax and surtax. The article presents the procedure of drawing up a tax report on the paid salaries in 2009.
Autor: Lucija TURKOVIĆ-JARŽA, dipl. oec. i ovl. rač.
On 1 January 2010 some other limitations will be cancelled which were imposed to the capital business operations according to the Act on Foreign Currency Business Operations. The provisions of this Act determine the operations which are to be regarded as capital business operations. The author of the article gives comment to the provisions of the new Act on Foreign Currency Business Operations and the limitations to be introduced in 2010.
The Labour Act determines equally all the labour relations in the Republic of Croatia regardless the ownership structure of the employer. No matter if the employer is a physical or legal person, its application will certainly affect all the employees and the employers in the Republic of Croatia. This article presents a review of the provisions of the new Act, which are regarded as significant in the practice.
In cases of understatement or lack of clarity of act provisions the court practice plays an important role upon explanation of such provisions. This especially refers to the practice of the Supreme Court of the Republic of Croatia as the highest court in the state, whose task is also the standardization of the legal viewpoints in some disputable and unclear legal issues. The article presents the viewpoints of the Supreme Court of the Republic of Croatia referring to labour litigations.