Country overview

#34

Croatia

Country stats

Rating Points

230

This indicator describes the overall rating of a given jurisdiction on several parameters according to cryptocurrency operations - market volume, crypto regulation, business climate, taxation framework.

Crypto Penetration

1.2%

Estimated percentage of crypto users out of the country's total population based on public data.

Legal Entities

Number of crypto companies registered in the country based on regulator data if available or other types of public data.

Regulation Points

140

An overall assessment of the granularity of crypto regulation in a given country. A high score is also given to countries where cryptocurrency transactions are highly regulated.

Amount of crypto users

45 600

Total amount of crypto users out of the country's total population based on public data.

Taxation points

This figure, according to our analysts' calculations, indicates the overall level of tax burden for cryptocurrency transactions in a given country. The higher the indicator, the lower the burden.

Market volume points

A rough estimate of this jurisdiction's retail crypto market relative to the rest of the world. The higher the indicator, the higher the market potential.

Status of crypto

Legally allowed

General status of cryptocurrency regulation in this jurisdiction.

Crypto payments

Legally allowed

The legal status of cryptocurrency payments for goods and services in a given country based on information from regulators, public data and feedback from our community.

Security Level

Minor danger

The overall level of security in a given country based on open data.

Crypto Salaries

No info

The legal status of cryptocurrency salaries to employers in a given country based on information from regulators, public data and feedback from our community.

Business Climate

Medium

Overall assessment of the friendliness of this country for crypto-business. This indicator takes into account the cost of obtaining a license and the attitude towards crypto entities in the country.

Stablecoin Regulation

Basic

This indicator is evaluating the regulation of stablecoins in a given country. Complex regulation means that it is possible to issue steiblcoins and obtain a license for this activity. Basic regulation means that the issuance of stablecoins is possible, but not all legal aspects are defined in the law. Standard regulation means that there is a legal practice of steylcoin circulation in a given country.

Bad Factors

FATF grey list

This section describes the unfavorable economic factors for crypto-business in a given country. These are countries that are under sanctions or on the FATF grey list and other factors.

Types of licenses

Crypto-to-crypto

This license type allows VASP to provide legal exchange from one cryptocurrency to another.

Crypto-to-fiat

This type of license regulates the exchange from cryptocurrency to fiat.

Wallet/Custody

This country has a legal licensing procedure for companies that store cryptocurrency - - crypto wallet providers and custodians.

Good

Medium

Bad

intro

Croatia introduced crypto-regulation later than other European countries but is gradually attracting attention as one of the EU jurisdictions with transparent rules of the game for cryptocurrency companies.

Security level

Croatia has a Minor danger security level according to our rating. Jurisdiction has 73.9 points (from 100) for safety level in Numbeo crime rating (1). The homicide level (2) is 0.8 per 100,000 inhabitants a year. Story of firearm-related death (3) 2.83 per 100,000 inhabitants a year.

Crypto Payments

We didn't find a link to the source, but we know that in Croatia, Konzum accepts cryptocurrency as payment for its products(4). If you know what law regulates crypto payments in Croatia, write to us.

Crypto Salaries

No data

Legal

Except for numerous anti-money laundering (AML) compliance requirements prescribed by the Croatian Act on the Prevention of Money Laundering and Funding of Terrorism (the AML Act), Croatian legislation currently does not explicitly regulate(5) virtual assets service providers (VASPs).

Nevertheless, the most significant change introduced by the final draft of the AML Act amendments relates to regulating VASPs, which has already sparked debate.

According to the Personal Income Tax Act(6), the Republic of Croatia's position on cryptocurrencies is that they are defined as capital income and classified as income from other financial assets.

Taxation

Tax name	Index
PIT tax Min	30
PIT tax Max	30
Corporate tax (CIT)	18
Min Individual CGT (for crypto)	0
Max Individual CGT (for crypto)	18
Wealth tax Min	0
Wealth tax Max	0

PIT

Croatia has progressive tax rates that are applicable to the taxable base in the process of annual tax liability assessment of 20% - 30% by PWC(7).

CIT

Corporate income tax (CIT) is generally paid at 18%, according to PWC(8).

CGT

Capital gains are subject to the regular CIT rate of 18% based on PWC(9).

Links

1)Crime Index by Country 2023 Mid-Year

2)List of countries by intentional homicide rate

3)List of countries by firearm-related death rate

4)Croatian retail giant sees a rise in crypto payments despite the bear market. Article

5)Changes on the horizon: proposed amendments to the AML Act suggest a new approach to VASPs in Croatia. Article

6)Zakon o porezu na dohodak. Law

7)Individual - Taxes on personal income. PWC

8)Corporate - Taxes on corporate income. PWC

9)Overview. PWC

Articles

article

The State of Crypto Regulation in 2023

We tell you about the features of crypto regulation in the world in 2023

article

How Much Did Hamster Kombat Earn and Why Are Users Unhappy?

Some hypothesis about issues of Hamster Kombat drop and its possible earnings.

article

Are Telegram Mini Apps a New Global Trend for Crypto?

How to create mini app in Telegram

intro

Security level

Crypto Payments

We didn't find a link to the source, but we know that in Croatia, Konzum accepts cryptocurrency as payment for its products(4). If you know what law regulates crypto payments in Croatia, write to us.

Crypto Salaries

No data

Legal

Nevertheless, the most significant change introduced by the final draft of the AML Act amendments relates to regulating VASPs, which has already sparked debate.

According to the Personal Income Tax Act(6), the Republic of Croatia's position on cryptocurrencies is that they are defined as capital income and classified as income from other financial assets.

Taxation

Tax name	Index
PIT tax Min	30
PIT tax Max	30
Corporate tax (CIT)	18
Min Individual CGT (for crypto)	0
Max Individual CGT (for crypto)	18
Wealth tax Min	0
Wealth tax Max	0

PIT

Croatia has progressive tax rates that are applicable to the taxable base in the process of annual tax liability assessment of 20% - 30% by PWC(7).

CIT

Corporate income tax (CIT) is generally paid at 18%, according to PWC(8).

CGT

Capital gains are subject to the regular CIT rate of 18% based on PWC(9).

Links

1)Crime Index by Country 2023 Mid-Year

2)List of countries by intentional homicide rate

3)List of countries by firearm-related death rate

4)Croatian retail giant sees a rise in crypto payments despite the bear market. Article

5)Changes on the horizon: proposed amendments to the AML Act suggest a new approach to VASPs in Croatia. Article

6)Zakon o porezu na dohodak. Law

7)Individual - Taxes on personal income. PWC

8)Corporate - Taxes on corporate income. PWC

9)Overview. PWC