The value of last week’s taxable invoices (21st Jun – 27th Jun 2021) increased by 20% YoY. Meanwhile it is encouraging that the value of invoices is up 1% when compared to the same week in 2019, according to the latest announcement from the Tax Administration of the Republic of Croatia being tracked for Covid-19 pandemic purposes.
The weekly data issued by the Croatian Tax Administration, a department of the Ministry of Finance, who stated that the total value of taxable invoices issued last week is up by 20% YoY (or HRK 716.7m), reaching HRK 4.3bn. For the first time in a while, the value of invoices not only reached but also surpassed the value of invoices in the same period of 2019. Note that the value of invoices was up by 1% and surplus amounted to HRK 31m.
Increase in taxable invoices in wholesale and retail trade in the same period was at 14% (or HRK +357m) to HRK 2.85bn. Compared to the same week in 2019, value of invoices is up by 6%.
Meanwhile, the value of taxable invoices for the accommodation and food services activities increased by 40% YoY (HRK 200m) to 695.26m. Comparing the same period in 2019, it is still significantly lower. Namely by 22% (or HRK 191.75m). This doesn’t come as much of a surprise when considering that many travel restrictions and epidemiological measures in place have weighed heavily on Croatia’s pre-season activities.
