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U.S. Has Negotiated Tax Treaty With Croatia: Treasury Official

May 4, 2022, 4:14 PM

The U.S. has completed “substantive negotiations” with Croatia over a new tax treaty, a Treasury official said Wednesday.

The negotiations concluded in March, and the text adheres to the 2016 U.S. model tax treaty, said Kevin Nichols, International Tax Counsel at the Treasury Department.

  • The treaty is currently being reviewed by the State Department and will be ready for signature after a translation is certified, he said, speaking at an event hosted by DC Bar.
  • The treaty will need to be approved by two-thirds of the Senate.
  • Bilateral tax treaties help companies avoid being taxed twice on the same income, ...