Organization : Ministry of Finance, Tax Administration
Facility : Inheritance and Gifts Tax
Country : Croatia
Website : https://porezna-uprava.gov.hr/en/inheritance-and-gifts-tax-7367/7367
What is Croatia Inheritance and Gifts Tax?
Inheritance and gifts tax shall be levied on cash, pecuniary claims and securities and movables if individual market value of a movable property amounts to more than 6700,00 eura on the date of tax assessment. Inheritance and gifts tax shall not be paid on inherited or gifted cash, pecuniary claims, securities and movables if another tax is charged for them under special regulation.
Related / Similar Facility : Croatia Profit & Withholding Tax
Taxpayer of Inheritance and Gifts Tax
Natural and legal persons who inherit, receive as a gift or in other way acquire assets without compensation which is subject to inheritance and gifts tax.
The following persons shall not be liable to inheritance and gifts tax:
1. spouse, lineal ancestors and descendants, adopting parents and adopted children which have a respective relationship with the deceased or doner
2. natural and legal persons to whom the Republic of Croatia or the unit of local and regional self-government donates, or gives, movable property without consideration by way of compensation or other reasons in connection to the Homeland War
3. the Republic of Croatia and units of local and regional self-government, state administration bodies and the bodies of the units of local and regional self-government, public institutions, religious communities, funds and foundations, the Red Cross and non-profit legal persons registered for providing humanitarian aid in accordance with special regulation
4. natural and legal persons when receiving gifts (donations) for purposes established by special regulations.
Tax Base of Inheritance and Gifts Tax
Amount of cash and market value of pecuniary claims and securities as well as movables on the date of tax assessment, following the deduction of debts and expenses related to the assets subject to the said tax. It is paid for cash, pecuniary claims and securities and movables if individual market value amounts to more than 6.700,00 eura on the date of tax assessment.
Note:
(1) The tax base for the inheritance and gifts tax is the amount of cash and market value of pecuniary claims and securities as well as movables on the date of tax assessment, following the deduction of debts and expenses related to the assets subject to the said tax.
(2) The competent tax authority shall determine the tax base of the inheritance and gifts tax referred to in paragraph 1 of this Article.
(3) The tax liability for the inheritance and gifts tax incurs upon the finality of the decision on inheritance or the decision of the body governed by public law or court or at the moment of receiving the gift.
(4) The gift shall be deemed received at the moment of signing of the deed of gift, and where no deed of gift has been concluded, at the moment of receiving the gift.
Amount of Inheritance and Gifts Tax
Inheritance and gifts tax is paid at the rate of 4%.
Note:
(1) Inheritance and gifts tax constitutes the revenue of the unit of local and regional self-government according to permanent or habitual residence or headquarters of an heir or donee.
(2) Where the heir or donee has no permanent or habitual residence or headquarters in the territory of the Republic of Croatia, inheritance and gifts tax constitutes the revenue of the unit of local and regional self-government according to permanent residence of the deceased or donor.