Eurozone Croatia fiscalization

CROATIA: Ready to join Eurozone in 2023

Almost nine years after becoming a member of the European Union, Croatia is now stepping into the final phase of joining to Eurozone and changing its national currency from kuna to euro. The euro is expected to be introduced on 1st of January 2023.

As stated in the Final Bill on the introduction of the euro as the official currency in Croatia, there will be a fixed exchange rate from kuna to euro. All amounts in kuna will be converted into euro following precise rounding rules, as this is an important step to ensure consumer protection.

On the path of entering the eurozone, Croatia will also face an obligation of dual display of the prices. The dual circulation period in which the euro and kuna are used simultaneously starts from September 5th 2022 and it will last until the end of December 2023. During that period, all the prices of goods and services will have to be shown in a clear, legible, visible and easily observable manner in both currencies and the full amount of the fixed conversion rate must always be used when converting. Total amount on the receipt will also have to be shown in kuna and euro.

The obligation of dual display of prices is a key measure for the prevention of unjustified price increases, as it will make it easier to identify retailers or service providers who have increased prices without justification or have incorrectly converted them to euros.

Need to get and/or to remain compliant? Get in touch!

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