Tax Considerations for Non-Performing Loan Resolution in Croatia

The Croatian banking sector is still burdened with a high portion of Non-Performing Loans, which must be resolved in order to support normalized credit conditions in the economy. With Non-Performing Loans (NPL) amounting to 16.6 of total loans at t...

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Main Author:	World Bank Group
Format:	Report
Language:	English en_US
Published:	World Bank, Washington, DC 2016
Subjects:	non-performing loans taxes banking non-bank financial collection financial regulation debt foregiveness write-offs tax policy
Online Access:	http://documents.worldbank.org/curated/en/804181479479037150/Tax-considerations-for-Non-Performing-Loan-resolution-in-Croatia http://hdl.handle.net/10986/25761

id	okr-10986-25761
recordtype	oai_dc
spelling	okr-10986-257612021-05-25T08:56:06Z Tax Considerations for Non-Performing Loan Resolution in Croatia World Bank Group non-performing loans taxes banking non-bank financial collection financial regulation debt foregiveness write-offs tax policy The Croatian banking sector is still burdened with a high portion of Non-Performing Loans, which must be resolved in order to support normalized credit conditions in the economy. With Non-Performing Loans (NPL) amounting to 16.6 of total loans at the end of 2015 and as much as 30 of loans in the corporate sector, Croatia has one of the highest levels of NPLs across the European Union. High stock of NPLs poses a significant strain on the Croatian financial system and resolving NPLs is essential to strengthen the financial system and restore normalized lending. From the perspective of borrowers, resolving unsustainable debt levels and restoring credit is equally vital to business recovery and economic growth. The European Commission Country Report Croatia 2016 highlights that the high stock of NPLs remains a challenge for the banking sector and the Council opinion on the 2016 National Reform Programme of Croatia recommends that the government facilitate the resolution of NPLs, and in particular by improving the tax treatment of the resolution of non-performing loans. 2016-12-15T20:31:34Z 2016-12-15T20:31:34Z 2016-10 Report http://documents.worldbank.org/curated/en/804181479479037150/Tax-considerations-for-Non-Performing-Loan-resolution-in-Croatia http://hdl.handle.net/10986/25761 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Economic & Sector Work :: Other Financial Sector Study Economic & Sector Work Europe and Central Asia Croatia
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English en_US
topic	non-performing loans taxes banking non-bank financial collection financial regulation debt foregiveness write-offs tax policy
spellingShingle	non-performing loans taxes banking non-bank financial collection financial regulation debt foregiveness write-offs tax policy World Bank Group Tax Considerations for Non-Performing Loan Resolution in Croatia
geographic_facet	Europe and Central Asia Croatia
description	The Croatian banking sector is still burdened with a high portion of Non-Performing Loans, which must be resolved in order to support normalized credit conditions in the economy. With Non-Performing Loans (NPL) amounting to 16.6 of total loans at the end of 2015 and as much as 30 of loans in the corporate sector, Croatia has one of the highest levels of NPLs across the European Union. High stock of NPLs poses a significant strain on the Croatian financial system and resolving NPLs is essential to strengthen the financial system and restore normalized lending. From the perspective of borrowers, resolving unsustainable debt levels and restoring credit is equally vital to business recovery and economic growth. The European Commission Country Report Croatia 2016 highlights that the high stock of NPLs remains a challenge for the banking sector and the Council opinion on the 2016 National Reform Programme of Croatia recommends that the government facilitate the resolution of NPLs, and in particular by improving the tax treatment of the resolution of non-performing loans.
format	Report
author	World Bank Group
author_facet	World Bank Group
author_sort	World Bank Group
title	Tax Considerations for Non-Performing Loan Resolution in Croatia
title_short	Tax Considerations for Non-Performing Loan Resolution in Croatia
title_full	Tax Considerations for Non-Performing Loan Resolution in Croatia
title_fullStr	Tax Considerations for Non-Performing Loan Resolution in Croatia
title_full_unstemmed	Tax Considerations for Non-Performing Loan Resolution in Croatia
title_sort	tax considerations for non-performing loan resolution in croatia
publisher	World Bank, Washington, DC
publishDate	2016
url	http://documents.worldbank.org/curated/en/804181479479037150/Tax-considerations-for-Non-Performing-Loan-resolution-in-Croatia http://hdl.handle.net/10986/25761
_version_	1764460077231636480

Tax Considerations for Non-Performing Loan Resolution in Croatia

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