By looking at the latest announcement from the Tax Administration of the Republic of Croatia, being tracked for Covid-19 pandemic purposes, in the period from 24 Feb till 30 Aug 2020 the value of taxable invoices decreased by 19.0% YoY.
A higher frequency data is compiled by Croatian Tax Administration, a department of the Ministry of Finance, who stated that the value of taxable invoices dropped by 19.0% YoY in the period from 24 February till 30 August. Drop in taxable invoices in wholesale and retail trade in the same period was only at 10% while drop in accommodation and food services was at 46%.
The value of taxable invoices has also dropped in the 4th week of August 2020, as imposing measures for tourist coming from Croatia have continued. The value decreased by 10% compared to the 3rd week of August. Drop in taxable invoices in the wholesale and retail trade in the same week of August compared to previous one was at 8% while drop in accommodation and food services was at 25%.
