Bar and restaurant owners have reported a 31.43% increase in turnover, compared to the previous year.
Natural persons, mostly bar and restaurant owners, reported a turnover of 139,183,743.43 kunas (18,557,832.45 €) in January 2012, while in January 2013 they reported a turnover of 182,932,210.65 kunas (24,339,096.14 €), which is a 31.43% increase.
The comparison of registered turnovers from minor legal persons has also shown an improvement. They have reported a 23.52% larger turnover compared to the previous year. They reported a turnover of 147,986,086.06 kunas, while their turnover for January 2013 was equal to 182,799,127.22 kunas.
It should be pointed out that the turnover difference was calculated in a sample of 3,412 natural persons and 1,346 small legal persons, where the Tax Adminstration had implemented the oversight of the application of the Cash Transactions Fiscalization Act.
As Tax Administration oversight has become more rigorous as of February, and that the inspectors will be implementing even more intensive inspections in the upcoming months, event better results are expected in the field of prevention of grey economy and in the introduction of order to cash transactions.
The effect should be even more significant after April 1st, when the fiscalization obligation comes into force for those tax subjects who are involved in wholesale and retail, motor vehicle repair, free entrepreneurs, and after July 1st when it comes into force for all fiscalization subjects.