How can a company claim the VAT refund for the property purchased?
In case that the property was purchased from the Croatian corporation for commercial use, a VAT can be deducted from the company’s next VAT obligation. Since the VAT was already paid within the total purchase price of the property, the next VAT statement will show the overpay of 22%. The company can then decide if it wants to withdraw the amount overpaid or use it for the future VAT payments.
