Tax advisory
Tax compliance services
This group of services is usually an integral part of the accounting-consulting service, but can be provided separately for clients who do not have professionally trained staff to perform these services or want a professional accountant, auditor or tax professional to compile or review their tax returns independently of the accountant who provides them with information.
Corporate income tax (CIT) and tax provision
Income tax regulation is the most complex set of regulations in the tax system because it includes excellent knowledge of CFRS / IFRS set of accounting standards with the necessary knowledge of income tax law. For this reason, the quality service regarding the preparation of the calculation (return) of income tax arises from the proper pre-organization of the system of accounting accounts, proper recording of transactions on accounts, allocation of items with tax effect on special accounts to the correct filling of tax returns. This segment also includes additional knowledge of regulations related to tax relief in order to enable clients to optimize tax benefits.
Given that we have professional accountants and auditors with a very broad knowledge of these regulations and applications in various industries, we can participate in the preparation of tax returns with the most complex entities.
Withholding Tax compliance services
Regarding the calculation of income tax, we regularly deal with the related withholding tax. This service is applied in the package of accounting and consulting services, and also in tax planning and consulting before signing contracts with foreign entities.
Value added tax (VAT) and tax filing services
Value added tax is also included in the accounting and advisory service in our accounting service packages, but we often provide exclusively consulting services related to individual cases that require specific knowledge and experience in the tax authorities' and other users' procedures.
Additionally, common situations are exclusive engagements related to the operations of foreign entities in the Republic of Croatia and VAT calculations that are required to be submitted locally. In these businesses, we have a very strong reference list of well-known international brands that sell their products in the Republic of Croatia.
Registration/deregistration with the state authorities for different taxes
We do registration for the payment of all types of tax liabilities in the Republic of Croatia for companies, non-profit organizations or individuals and advise on whether there is such an obligation in their specific situation regarding the determination of tax residency.
Tax reporting
Most of the tax reporting is done as part of the accounting and advisory services package, but sometimes we also deal with individual tax returns and control of already made tax returns, regardless of whether they are returns of individuals or corporations.
Financial reporting
Preparation of CFRS based financial statements
Croatian Financial Reporting Standards prescribe financial reporting for the public disclosure of the vast majority of companies in the Republic of Croatia. Therefore, proper drafting in accordance with the CFRS and public disclosure is a legal obligation of all micro, small and medium-sized companies (which are not public interest companies).
This service is usually part of a package of accounting and consulting services, but we often make such reports for entities that do not have enough expertise in compiling, especially medium-sized companies.
Tax advisory
For growing local, cross border or global business
When you do business in a global marketplace, you’re not just seizing global opportunities, you also need to navigate global complexity. Operating across borders means competing in multiple jurisdictions, complying with local tax law, reporting requirements and statutory filings and keeping up with new legislative developments. And just doing all of the above is no guarantee for business success. Besides the compliance side of paying taxes, key is to align your tax strategy with your corporate strategy to enable growth and sustainable competitive advantage. Sounds complicated? Not if you have an international team of tax experts to help you.
Helping you make the most out of your tax responsibilities
Businesses with international plans and operations need to be fully informed of their tax duties. They need tax professionals who can provide a combination of local attention and global capabilities. HLB’s global team of tax professionals can provide you with the necessary proactive advice and support. We work together to plan for and provide a wide range of opportunities for both inbound and outbound businesses and corporations. We understand that global businesses are not run out of one single location. We provide a full range of tax services for those whose talent mobility strategy requires relocation of individuals to other tax jurisdictions. We know that international tax planning takes many forms, just like every business is unique. Our team of experienced tax professionals takes the time to understand your unique tax position and tailors services to fit your needs.
Expatriate tax services
The international relocation of executives and key employees is a common feature of today’s business world. Such relocations involve moving between countries with differing immigration, social security, work permit and taxation laws. To minimize inconvenience and to also benefit from tax concessions, expatriate executives and employees need timely advice on the consequences of these differences. They need tax professionals who can provide a combination of local attention and global capabilities. HLB’s skilled team of tax professionals can provide you with the necessary proactive advice and support. Our specialist tax services professionals work together to plan for and provide a wide range of opportunities for both expatriate and domestic individuals.
Indirect tax services
In today’s globalized world more goods and services are crossing international borders than ever before, due to an increasing international customer base or complex supply chain. As a result, you may be facing indirect tax obligations in multiple countries. In some cases, even in the countries your customers are based in. A lack of visibility and control around indirect tax compliance can cause late filings, late payments of VAT/GST, late registration and incorrect postings on returns, causing increased cost of compliance and the risk of financial penalties. HLB’s global team of indirect tax experts can help you stay on top of your indirect tax obligations and comply with regulations across the jurisdiction you do business in.
What we offer
HLB’s Indirect Tax services team consists of tax experts across the many countries we operate in. Whether your project is international, regional or domestic, we match the right people in the required jurisdiction, to make-up the best team for your business needs. We provide tailored indirect tax services including:
- Identifying where transactions are taxed
- Provide indirect tax advice on your everyday operations
- Registration of local indirect tax in countries where taxable transactions are undertaken
- Preparation and filing of indirect tax returns
- Advisory services against authorities including the filing of lawsuits
- Refunds of applications for non‐registered entrepreneurs
- Training of staff
LATEST HLB INSIGHT
