NF-2010-02 - Compliance and administrative services 

Further, due to the global downturn and the need to collect additional funds in order to decrease state deficits, Tax Authorities tend to perform their duties more diligently, which may lead to the assessment of additional tax liabilities as well as the imposition of penalties on companies and responsible individuals within companies.

Given these challenges, it is not surprising that finance and tax departments often spend a disproportionate amount of time on daily, periodic and year-end compliance activities, rather than focusing on higher value activities such as strategic tax planning, risk management and closer integration with the rest of the business.

Our services

Many companies are looking for a more consistent, efficient and cost-effective way to meet their compliance and reporting obligations.  KPMG in Croatia assists its clients in all aspects of their compliance and reporting obligations.  Our dedicated, experienced and client-focused teams can assist with:

·         Tax compliance and financial reporting;

·         Regulatory compliance and reporting;

·         Bookkeeping;

·         Payroll.

KPMG in Croatia’s tax compliance and financial reporting services include:

·         Tax accounting/tax provision preparation;

·         Annual financial statement preparation;

·         Annual Corporate Profit Tax (CPT) return preparation;

·         Monthly, quarterly and annual VAT return preparation;

·         Preparation of other returns as required by Croatian tax legislation; and

·         Preparation of quarterly and annual financial reports to be submitted to the Croatian Financial Agency (FINA).

KPMG in Croatia’s regulatory compliance and reporting services include:

·         Assistance with the registration of a limited liability or joint stock company, branch office or representative office;

·         Provision of a mailing address/corporate seat;

·         Assistance with registering any corporate changes with the Commercial Court or the Ministry of Economy, Labour and Entrepreneurship;

·         Assistance with reporting of initial investment and changes in foreign investment or loans to the Croatian National Bank;

·         Assistance with Board of Directors and Supervisory Board meetings through preparation of meeting agenda, taking minutes, recording decisions and drafting policy documents;

·         Assistance with annual shareholders meetings through preparation of meeting agenda, notification of shareholders, taking minutes and recording decisions; 

·         Assistance with maintenance of the Book of Business Shares or reporting ownership changes to the Central Depository Office;

·         Preparing or updating policies in respect of money laundering, privacy of information, anti-corruption and other internal policies and procedures, and developing related employee training programmes.

KPMG in Croatia is capable of running larger scale outsourcing projects where we would take over all or part of a client’s financial accounting function.

Outsourcing enables organisations to pay only for the services they require, not headcount or overhead, freeing up valuable in-house resources to focus and deliver on business support and long-term strategic initiatives, while still meeting current compliance obligations in an accurate and timely manner.

As an alternative to outsourcing many organisations co-source, in which case we work with our clients to define our mutual responsibilities while we deliver added value through our work.

Our team

Our team comprises experienced, self-reliant, internationally certified accountants, auditors, tax specialists and legal specialists.  Our team combines in-depth knowledge of Croatian Financial Reporting Standards and International Financial Reporting Standards as well as tax and regulatory legislation in Croatia and in foreign jurisdictions.  Through our results-oriented approach, we can react quickly to the constantly changing business and market environment.

We believe that with our skills, approach and experience we can add real value to your business.  We look forward to meeting with you to discuss your organisation’s requirements. To arrange a meeting, please contact  Kristina Grbavac, tax compliance and reporting, Marinela Mostić, regulatory compliance and reporting, Jadranka Beranek bookkeeping and payroll services, or Paul Suchar, Partner, Taxation, Regulatory, Bookkeeping and Payroll Services, KPMG in Croatia.

Important notice

This document does not constitute an offer to provide any services to any clients or potential clients.  All clients of KPMG and all engagements for clients of KPMG are subject to client and engagement acceptance procedures.

Contact:

Tel:  +385 1 5390 006
Fax: +385 1 5390 111

tax@kpmg.hr
kpmg.hr