Gifts

December is the month of giving!

To whom can you give a gift?

- associations and other persons, pursuant to special regulations, performing cultural, scientific, educational, health, humanitarian, sport, religious, ecological, and other generally useful purposes in Croatia

- natural persons for payments of expenses for health requirements (surgery, treatment, procurement of medicines and orthopaedic aids and costs of travel and accommodation in health institutions) the payment of which is not covered by compulsory, supplementary, additional or private health insurance or at the burden of the funds of the natural person, under the condition that the donation, i.e. payment of the expenses, was made to the giro account of the recipient of the donation or a health institution based on authentic documents.

These payments are not considered the natural person's income nor is it taken into account when establishing the right to personal allowance for supported members. Also, a JOPPD form is not submitted for such a gift.

Maximum amount?

Gifts up to 2% of the revenue generated in the previous year are considered tax deductible costs.

What documentation is required?

A statement on gifting should be made.

For gifts to natural persons for the payment of expenses for health requirements, the gift giver is obliged to keep records of the given gifts, which contain the following information:

- the date of payment or donation,

- the name and surname of the recipient of the gift and his/her OIB,

- the method of payment (to the giro account of the recipient of the gift or a health institution or in goods) and

- the amount donated.

The difference between a donation and a sponsorship?

With sponsorship, there is a counter-action: in return, the sponsor's company, product or logo is promoted.

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