It is common knowledge that business management necessarily involves tax risk management. This is especially evident under the circumstances of a high effective tax burden placed on businesses, such as in Croatia. Any delay in tax payment (intentional or unintentional) typically creates a risk of a significant decline in performance, either directly through the emergence of additional expenditures (default interest, fines etc.), or also indirectly through the prescribed highest level of priority of their settlement under the conditions of insolvency.
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