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Post by rijekafan on May 7, 2008 18:08:54 GMT 1
I just got hit with a 24000 kuna provisonal tax bill when my company is clearly losing money and has no income. We bargained them down from 48000 kuna like buying veges at the market.
Is it normal to tax a company that is losing money and has no income? My accountants cannot make these MOF mafia guys see sense. We can prove without a doubt that I am losing money and have no income.
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Post by gmh on May 7, 2008 18:18:34 GMT 1
That sounds pretty steep. If my mother inlaw was doing your taxes you'd probably get money back  I might suggest this line of business to her when she retires as a financial manager. |
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Post by Valleycat on May 7, 2008 18:48:17 GMT 1
Looks like they want that $30,000 - $50,000 from you one way or the other.
Really wants to you go out here and start a business. . . lol. . NOT!
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Post by valiant on May 7, 2008 19:57:14 GMT 1
horrifying. this country is killing investment. you should be given money for trying to have a business here., i dont know ...this country just takes and takes, gives nothing at all.
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Post by 3lions on May 8, 2008 9:46:59 GMT 1
...my God, another horror story.
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Post by rijekafan on May 10, 2008 7:41:49 GMT 1
I will get the tax back next year but I lose 10% in interest payments. If I challenge them seriously they will audit the hell out of me. God I hate the Croatian governnment.
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Post by justapixel on May 12, 2008 15:06:13 GMT 1
I will get the tax back next year but I lose 10% in interest payments. If I challenge them seriously they will audit the hell out of me. God I hate the Croatian governnment. Doesn't everybody? Now you know how it feels to be a Croatian in Croatia. ;D . |
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Post by valiant on May 13, 2008 14:23:50 GMT 1
then who votes for the same wankels every time???
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Post by justapixel on May 13, 2008 14:41:35 GMT 1
then who votes for the same wankels every time??? AFAIK, around 60% of electoral body voted and only around 33% of them voted HDZ. So the mathematical answer is - 20% of population voted for the same wankels. . |
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Post by darcy on May 18, 2008 9:31:05 GMT 1
I just got hit with a 24000 kuna provisonal tax bill when my company is clearly losing money and has no income. We bargained them down from 48000 kuna like buying veges at the market. Is it normal to tax a company that is losing money and has no income? My accountants cannot make these MOF mafia guys see sense. We can prove without a doubt that I am losing money and have no income. Everything is perfectly lawful, it is not a "tax" it is a "pre-paid tax" (like pre-paid cellular). If you can, use last year as a basis and keep in mind you have to add PDV/VAT component you have to pay to the taxman regardless are you running with a profit or with a loss. I tried last year to lawfully report a loss, but I was advised by my accountant that might be a right thing to do, but it is not a healthy thing to do in Croatia and I should try to keep as far as possible from the Croatian taxman. I was advised the rulings are not reasonable and opting for a court option against the taxman is a suicidal move. |
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Post by rijekafan on May 18, 2008 13:11:25 GMT 1
Thanks for the info. I lost money last year as well. They just want the money and dont care about the technicalities. I am getting a second opinion from a very senior accountant but I think you are right, its like a cell phone card.
I made some money from a flat sale and reinvested that into another project and showed a loss in the tax year. They only saw the gross proceeds from the sale and like the mafia demanded their cut. The net effect of the tax year and the previous one was a loss but they dont care.
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hadria
Junior Member
Posts: 19 
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Post by hadria on May 27, 2008 17:19:16 GMT 1
My advice is that you never show loss, not even in periodic report. And if you have some PDV/VAT return () do not ask for refund just leave that as advance payment on your account for next revenue account.
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Post by darcy on May 27, 2008 22:25:29 GMT 1
My advice is that you never show loss, not even in periodic report. And if you have some PDV/VAT return () do not ask for refund just leave that as advance payment on your account for next revenue account. Thanks for the tip, but why is that so? Did anybody have any bad experience? Purpose of the taxation system is to be fair. If they are not fair, they are opening a huge problem for them with the offshore business people normally being positive and obedient members of the business community and dragging them down on the Croatian level business ethics. |
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hadria
Junior Member
Posts: 19
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Post by hadria on May 28, 2008 16:38:02 GMT 1
My friend works in family company bookkeeping. They run that business more than 20 years and he said that its same like lawyer, founding hole in law.
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hadria
Junior Member
Posts: 19
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Post by hadria on May 28, 2008 16:40:54 GMT 1
Company that i work in imports a lot every month so we have lot PDV return every 3 months.
And every time we ask for return next day taxman knock on doors.
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