Comptabilitat a Croàcia

Accounting Rules

Tax Year

The fiscal year begins on January 1st and ends on December 31 of the same year or any 12-months period approved by the tax authorities.

Accounting Standards

In Croatia, International Financial Reporting Standards (IFRS) are mandatory for big companies and for those that have their bonds on the stock exchange market. All the others can also report respecting the rules set by Croatian Committee for Financial Reporting Standards, a 9-members professional body appointed by the government.

Accounting Regulation Bodies

Croatian Committee for Financial Reporting Standards (in Croatian only)

Accounting Reports

These documents must contain: a balance sheet, a profit and loss account, a cash-flow report, a review of the changes of the authorized capital, comments and annexes.

Publication Requirements

The Croatian entrepreneurs are subjected to the obligation of information about their financial situation. The documents of financial information must be drafted in Croatian and expressed in the national currency (the Croatian kunas) usually once per calendar year. A business year can be different from the calendar year only if there is an exception or if the activity is a seasonal one. The account book and the ledger must be kept up to date and then kept during at least 11 years.

Professional Accountancy Bodies

Croatian Association of Accountants and Financial experts , (in Croatian only)

Certification and Auditing

The financial documents of firms with more than 30 million croatian kunas (approx. 4.3 mil. EUR) annual sales should be checked by an independent external auditor who will have the responsibility to guarantee the sincerity and the accuracy of the given information.

Deloitte, KPMG, PricewaterhouseCoopers, Ernst & Young.

The State Audit Office

Croatian Auditing Chamber (in Croatian only)

Accounting News

IAS Plus