New position paper “Additional commentary on Windfall Tax Bill”

This position paper refers to, among other things, the groundlessness of the introduction of the windfall tax as well as the issue of retroactive application of the Act compared to legitimate expectations.

With this position paper AmCham suggests amendment of the method of calculating the average profit of previous periods; the necessity to widen the scope of the income not included in the calculation of the income in the amount of up to HRK 300 million; clear definition of the criteria and a clear definition of unfavorable economic circumstances as well as to clearly prescribing the measures for which the money collected through this tax will be used.

AmCham’s additional commentary on Windfall Tax Bill is available here.