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In the last two years state companies from the road transport sector have borrowed under relatively unfavourable conditions from both domestic and foreign commercial banks and with maturities of less than seven years. In the new Newsletter entitled Government guarantees and financial liabilities of state owned road transport companies in Croatia Anto Bajo and Jelena Petrušić provide an overview of the amount and the structure of financial liabilities and government guarantees made from 2001 to 2014 to the state-owned road transport companies – Croatian Motorways Ltd., Croatian Roads Ltd. and Rijeka-Zagreb Motorway Inc. Analysis of guarantees is useful to provide more complete information about the amount of debt, the borrowing conditions and maturities of the road transport companies' liabilities.
At its session on October 30, the RC Government adopted a proposal for personal income tax changes, which had been announced for some time. In the latest Press Release, entitled The impact of changes in the Personal Income Tax Act on the average tax rate, the IPF's researchers Ivica Urban and Slavko Bezeredi analyse changes in the amount of the basic personal allowance and the size of tax brackets.
Anto Bajo and Marko Primorac in the Press release named Changes of methodological coverage of public debt and budget deficit in Croatia analyze the differences in statistical coverage of public debt and budget deficit due to the beginning of the implementation of the EUROSTAT methodology. The report on these differences was published on October 20, 2014 by the Croatian Bureau of Statistics.
In the Newsletter entitled Implementation of a cash accounting scheme for VAT: EU experience, Danijela Kuliš provides an overview of implementation in the EU countries which shows that this manner of calculating VAT has its advantages but also flaws. Those findings may be useful in creating the future framework of Croatian VAT Act.