As of 1 January 2015 all the employers with at least 20 employees will have to recruit a sufficient number of persons with disabilities, according to the quotas of recruitment of persons with disabilities. In the case when they do not recruit a sufficient number of such persons, the employers will be obliged to pay a cash compensation. The article provides the replies to the frequently asked questions on such issues.
Seasonal employment as the specific type of employment determined by the Labour Act, becomes important in the particular period of the year due to the different volume and intensity of operations. The increased volume and intensity of operations require from the employer to hire a larger number of employees. Employers may sign with employees a contract on temporary employment or a contract on temporary employment for permanent seasonal jobs. The article presents such types of employment in view of their status and compulsory insurances.
Autori: mr. Anja BOŽINA, dipl. oec. i ovl. rač. Ante VIDOVIĆ, dipl. iur.
Trgovačka društva (mala, srednja i velika) nakon predaje statističkih izvješća i poreznih prijava s propisanim prilozima imaju obvezu još i javno objaviti svoja financijska izvješća, ako to već nisu obavili zajedno sa statističkim. Rok javne objave financijskih izvješća traje do 30. lipnja. 1. Zakonska obveza javne objave 2. Financijska izvješća malih poduzetnika za javnu objavu 3. Financijska izvješća srednjih poduzetnika za javnu objavu 4. Financijska izvješća velikih poduzetnika i konsolidiranih izvješća za javnu objavu 5. Tko nema obvezu javne objave financijskih izvješća
The Environmental Protection and Energy Efficiency Fund announced a public tender to companies, crafts businesses and citizens for awarding non-refundable assets for sub-financing of the purchase of electric and hybrid vehicles. Electric and hybrid vehicles are specific due to the fact that they are ecologically acceptable and require lower costs of use compared to those for conventional vehicles. However, their purchase price is higher and therefore they are not frequently used by enterprises. In order to obtain subsidies of small value (enterprises and crafts businesses) and donations (citizens) it is necessary to submit the corresponding documentation and to fulfil the determined conditions. In accounting, the subsidy of small value is recorded as deferred items according to IAS 20.
A parent company, i.e. the company which controls some other company, should prepare consolidated financial reports. Consolidated financial reports are prepared in the way that the individual reports of the consolidated companies are presented as one entity. Consolidated financial reports subject to audit and should be delivered to the FINA until the end of September of the current year for the previous year. Consolidated reports are prepared according to the structure of financial reports according to the regulations valid for large companies. The consolidation for 2013 is characterized by the application of the IFRS 10 – Consolidated financial reports.
According to the accounting regulations, the income realized by the rendered services implies the operations on the market and non-financing from the budget, which means that the budget and budget beneficiaries do not use the budget assets for such operations. This is usually the income realized by performing one’s own activities. This article presents the possible way of recording such an income from the rendered services.
Autor: Mirela GLAVOTA, dipl. oec., ovl. rač. i ovl. rev.
This workshop on non-profit accounting explains the following recordings: 1. Financing of affiliated non-profit organizations and 2. Adjustment of receivables from activities. According to the accounting regulations, the financing of affiliated non-profit organizations is to be recorded on the account from the class 47 on the expenditure side, i.e. 37 on the income side. In such a case it is not important whether such financing has been performed by the transfer on the transaction account of the affiliated non-profit person (indirectly) or through settlement of liabilities of this affiliated person to the creditor. In order to comply with the fundamental accounting principles it would be appropriate for the disputable receivables to be value adjusted within the system of non-profit accounting. There is no particular place on the account to present the reduced value of the basic receivables.
Autor: Mr. sc. Nada DREMEL , dipl. oec., ovl. rač., ovl. rev. i porezni savjetnik
Employment represents one of the bases of social security (pension insurance, health insurance and insurance in case of unemployment). Within the system of health insurance, the insured workers have the right to health protection and compensation of salary in the case of disability to work due to illness. Under certain conditions they also have the right to compensation for care of the sick child or a sick spouse or in the case when the insured person is determined to be an escort of the sick person to another place for the purpose of medical treatment. The amount of the compensation is determined according to the average paid salary in the past six months which proceed the month in which the insured case occurred. The costs for compensations are debited to the account of the employer, the Croatian Health Insurance Fund or the state budget, depending on the type of illness. The duration of the sick-leave period and the compensation paid in this period should be reported in the JOPPD Form and submitted to the Tax Administration.
Autor: Lucija TURKOVIĆ-JARŽA, dipl. oec. i ovl. rač.
According to the corresponding provisions of the Labour Act employees have the right to the annual holiday under certain conditions. Some employees also have the right to the holiday bonus, which represents the compensation which is paid to the employee due to the increased expenses on holiday. The holiday bonus is a substantive right of the employees, exercised only by those employees who are guaranteed such a right according to the internal enactments regarding employees› rights. The taxation status of the holiday bonus may represent a non-taxable compensation. However, the amount paid may be taxable, whereas the payment of the salary during the annual holiday is always regarded as taxable income.
An exempt item does not represent a compensation for the rendered goods or services and thus does not subject to VAT taxation. However, there are frequent questions whether a certain item is an exempt item. This article explains through the concrete examples from practice what is regarded as an exempt item and how it should be entered in tax and accounting records.
Autor: Mr. sc. Katarina HORVAT JURJEC, dipl. oec. i ovl. rač.
The article presents the possibility of transfer of overpaid public revenues to another account. This is the case when a tax payer pays during the year more tax and other public revenues than it is determined by the law, i.e. a higher amount than stated in the final account. Instead of paying the overpaid sum on the giro-account of the tax payer, he/she may require for this surplus to be transferred on another account in order to settle some other liabilities for public revenues.
Autor: Mr. sc. Mirjana MAHOVIĆ KOMLJENOVIĆ, dipl. oec.
The European Commission’s Directorate General for Taxation and the Customs Union published the Report on the Activities of the European Union in the Tax Field for 2013. The article presents a review of the activities presented in this report.
According to the Decision of the Constitutional Court of the Republic of Croatia no. U-I/4763/2012 from 18 September 2013, the Art. 16.§3. of the Act on the Amendments to the Income Tax Act is cancelled. Its provisions determined the retrograde taxation with income tax from capital, the receipts based on the paid dividends and shares in profit realized after 31.12.2000 (based on the cash principle at 12% rate). Although the Decision of the Constitutional Court stresses that there is no acceptable, objective, nor justifiable explanation in terms of constitutional law for the retrograde taxation of tax payers without the existence of the disputable article, all the receipts based on the dividends and share in profit made after 31 December 2000 are still being taxed at 12% rate. Accordingly, it was necessary to change the provisions of the Income Tax Act.
U ovoj rubrici RRiF-ovih savjeta objavljujemo izbor odgovora na svakodnevna pitanja naših pretplatnika, a koja čine bogatu riznicu RRiF-ova iskustva u rješavanju konkretnih dvojba i problema koji se pojavljuju u poslovnoj praksi kod poduzetnika. U ovom se broju daju neki od odgovora i savjeta iz područja poreznog, obveznog, stvarnog i trgovačkog prava. 1. Porezni položaj nabave motornih vozila i troškova korištenja nakon 20. ožujka 2014. 2. Razlika između zakonskog i ugovornog roka ispunjenja novčanih obveza (roka plaćanja) 3. Ovlasti uprave kod prodaje nekretnina u vlasništvu d.o.o.-a 4. Što je trgovački kredit i koji je obvezni sadržaj ugovora o takvom kreditu 5. Oblik ugovora o robno-trgovačkom kreditu i način njegova sklapanja 6. Dopuštena stopa ugovornih kamata kod ugovora sklopljenog između poduzetnika 7. Raspodjela doprinosa za zajedničku pričuvu
U Europskom parlamentu izglasana reforma revizije Ograničenja revizije na 10 ili 14 godina Ograničenje za nerevizijske usluge Podržana reforma revizije u cjelini Izvjesne rezerve u svezi s mogućim šarenilom u reviziji za multinacionalne tvrtke
Objavljen je MSFI 14 – Odgođeno priznavanje prihoda i rashoda u sustavu propisanih cijena koji se odnosi na ograničen broj poduzetnika na koje će se primjenjivati. Taj standard mogu primjenjivati samo oni poduzetnici kojima su cijene uređene i koji u skladu s dosadašnjim standardima iskazuju odgođenu imovinu ili obveze te ako ta stanja prikazuju pri prvoj primjeni ovoga standarda. 1. Uvod 2. Cilj standarda 3. Obuhvat standarda 4. Priznavanje, mjerenje, umanjenje vrijednosti i prestanak priznavanja 5. Analiza učinka standarda
1. Izmjene direktive o sprječavanju pranja novca 2. Direktiva o zaštiti financijskih interesa EU-a 3. Reforma europskoga revizorskog tržišta 4. Revizija direktive o pravima dioničara 5. Spašavanje poduzeća prije stečaja 6. U EU-u postignut dogovor o ukidanju bankarske tajne 7. Ograničavanje naknade po kartičnim transakcijama 8. Ukidanje roaminga krajem iduće godine 9. Izmijenjena direktiva o turističkim aranžmanima 10. Koliko tko oporezuje rad u EU-u 11. Hrvatska među 10 članica EU-a s prekomjernim deficitom 12. EP za izmjene direktive o sprječavanju pranja novca 13. Revizija direktive o pravima dioničara 14. Komisija preporučuje spašavanje poduzeća prije stečaja 15. Rumunjska vlada reže porezno opterećenje
The supervision entities of the Croatian Agency for Supervision of Financial Services (HANFA) i.e. all the legal and physical persons who provide financial services, councelling on the finance market, sales, representation, mediation or management of the assets of the users of financial services are obliged to pay certain compensations and administrative fees to the HANFA. The article presents the models of their calculation and the ways of their payment.
A special attention in the operations of a bakery is paid to the records of the used flour in the baking production and the records of the quantity of flour stocks. The records on the baking production, purchase and use of flour are kept in the Records on Used Flour (KEUB Records). The KEUB Records should be kept in each facility/plant where bakery products are manufactured. The input of flour and the use of flour per day are entered in the KEUB Records. All the inputs of flour should be recorded immediately upon the arrival of flour in the facility. Besides the KEUB Records, the bakery products manufacturers should have valid documents on the entry of flour which provide the evidence on the origin of the product. The KEUB Records subject to the observation and control by the Inspection for Food Quality at the Ministry of Agriculture.
Autori: Dr. sc. Jelena VIDOVIĆ Jelena GOTOVAC , bacc. oec. Sara ŠKOMRLJ , bacc. oec.
Working time in the Republic of Croatia is not determined in a unique way by any specific act, which would comprise all the economic and social activities. Working time in a store has not been regulated, but it is determined by the seller independently, taking into account the needs of buyers and the protection of employees’ rights in view of working time. The seller is obliged to put the sign at the entrance of the store, which clearly and visibly states the working time of such a store and adhere to it. The caterer is obliged to adhere to the working time determined by the provisions of the Act on Catering Activities and to put the notice at the entrance of the catering facility stating the working and non-working days and the working time of such a facility. In other crafts businesses the working time is determined by the craftsmen themselves, unless the working time has been determined by the decision made by the municipality or the town in which such a crafts business operates. Sellers, caterers and craftsmen are not obliged to certify their working time at the administrative body of the state and local self-government.
The implementation of the e-invoice according to the regulations on value added tax considerably depends on the IT level of transfer of data used by the individual enterprise and the databases for their filing. The article analyses the exchange of electronic documents (EDI) for the purpose of issuing e-invoices.
Due to the importance of sports in the society, its systematic determination within tax regulations and the regulations on contributions for compulsory insurances are also essential. The authors of the articles present the taxation of physical personsin the system of sports and explain the provisions of the Income Tax Act and the Rulebook on Income Tax, including their liabilities for contributions. This is the second article which analyses the awards for sports achievements, sports scholarships and compensations for additional training in sports, including the system of reporting and submission of the annual tax report.
Associations and other non-profit legal persons, that,according to the specific regulations and in order to achieve their goals, all in accordance with the provisions of the statute or other general enactments, perform retail sales activities in the way and under the conditions determined by the provisions on trade activities of the Act on Consumers’ Protection are regarded as sellers and are obliged to adhere to the obligations determined by the above stated Act. The Amendments to the Act on Trade became effective on 6 March 2014 and the new Act on Consumers’ Protection came into effect on 8 April 2014. The article presents the important new issues in the above state Acts to which associations and other non-profit organizations have to pay attention when selling their products.
The borrowings of the units of local and regional self-government is under the special control in view of the amounts, purposes and procedure. This also refers to the provision of their guarantees. The article presents an overview of the short-term and long-term borrowings of such units and providing guarantees and approvals of these activities.
According to the amendments and changes of the State Budget and the financial plans of the off-budget beneficiaries for 2014, which have an impact on the credit and debit sides of the budget of the general state, the structural effect has been estimated to 1.9% of the GDP, which is lower than stated in the recommendations of the EU Council. Accordingly, the additional measures have completely complied with the recommendations of the EU Council. This article presents such additional measures.
Autori: Ivana KUNIĆ , dipl. oec. Ana MICHIELI PAVUNA , dipl. oec.
In the procedure of public procurement one of the important institutes provided for decision-making at discretion is the institute which refers to the explanation and supplement of the bidding documents, in order to remove the possible mistakes, flaws or dilemmas. The application of such a right should considerably speed up the procedure of public procurement. The article presents the instructions for the use of such an institute.
According to the labour regulations, if the contract on employment expires before the employee used the annual holiday, such an employee has the right to the compensation instead of the annual holiday, which is to be paid by the employer. The way of determining the right to the unused annual holiday and the way of calculation of the compensation is regulated. Besides the general labour law, such an institute in the public sector requires the consideration of the specifics which are defined by the autonomous sources of the labour law for civil servants and employees as well as the officials and employees in the public sector.
Every year all the ministries and other state bodies in view of their organizational qualification are obliged to prepare the strategic plan for the period of the following three years. The instructions for the preparation of such a plan are published on the official sites of the Ministry of Finance. The Strategic Plan for the period from 2015 to 2017 is to be submitted to the Ministry Of Finance until 9 June 2014.
Autori: Ana MICHIELI PAVUNA , dipl. oec. Ivana KUNIĆ , dipl. oec.
The results of the operations of the enterprises in Croatia last year have again confirmed the basic characteristic of the Croatia’s economy in which privately owned enterprises play a dominant role in commerce, processing and construction activities, as well as the repeated domination of large companies in view of income and expenditure. The article presents the basic financial results of the operations of the enterprises in the real sector (not the financial sector), including the overview of operations per activities and size of companies, all based on the annual financial reports for 2013.
1. Opći pregled pokazatelja 2. Cijene u RH i EU-u 3. Proizvođačke cijene industrije RH i EU-a 4. Industrijska proizvodnja RH 5. Vanjskotrgovinska razmjena 6. Trgovina na malo 7. Turizam 8. Plaće 9. Likvidnost i insolventnost 10. Zaposlenost i nezaposlenost Hrvatske i EU-a
