Taxation of Capital Gains on Sale of Real Property situated in Germany by the U.S.

How is the profit taxed

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    The basis for the surtax calculation is the amount of income tax. The tax base is the market value of the property at the time of the tax liability. The market value of a property is the price of a real estate that is achieved or can be achieved on the market at the moment of the tax liability. Object of taxation is a real estate transaction.

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    The how is the profit taxed estate transfer is not considered to be the acquisition of real estate for which the value added tax VAT how is the profit taxed payable. The entry into a single customs territory of the EU means that, as of July 1,all customs control over entry of goods or trade between Croatia and the other Member States is abolished.

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    Trade between domestic goods between persons in different Member States is not considered as imports and is not a subject to customs procedures and supervision.

    The subjects of customs control are the goods brought from countries that are not EU members and which are subjects to customs supervision from the time of its entry.

    how is the profit taxed

    These goods require customs-approved treatment or use. Please note that the information on Croatian Tax System is updated according to a major tax reform that took effect since January 1st

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