UK And Croatia Signed Double Taxation Avoidance Agreement

Croatia and the UK have signed an Agreement for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income and on capital gains. The Agreement was duly signed on January 15^th, 2015 and it shall enter into force when both countries complete their Parliamentary procedures and exchange a diplomatic note, which is expected by the end of 2015.

The Agreement applies to persons who are residents of one or both Contracting States in regards to (i) the taxes on income and on (ii) capital gains imposed on behalf of a Contracting State, irrespective of the manner in which they are levied. The Agreement is expected to have an impact on increase of direct investments between Croatia and UK.