Records of Turnover: Everything you need to know for successful administration in tourism

With these tips, easily finalize your tourist turnover records

As the tourist season draws to a close, it’s time to take care of administrative obligations that may have been postponed. Records of turnover are one of these tasks, alongside the TZ-2 form, which is tied to the later stages of the tourist season.

To simplify the entire administrative process, we’ve prepared a guide below to help you successfully manage your own records.

What are Turnover Records?

Turnover Records are a form that contains a record of issued invoices for all reservations realized in tourist accommodation. The records are kept chronologically according to the invoice issue date, separately for each calendar year. Invoices must be recorded at the end of each day, regardless of the payment method or the final execution of payment.

The records must include:

• general information about the taxpayer,
• a serial number for each entry,
• invoice number,
• invoice date,
• first and last name of the service user (guest),
• gross invoice amount in EUR,
• the total sum of all invoices at the end of the year.

Can the records be kept electronically?

Yes! It is necessary to download the Turnover Records form and keep the records with all required items on a personal computer. In the event of an inspection, the records must be presented in printed form.

How to fill out the Turnover Record form?

A taxpayer who is subject to the annual lump-sum income tax is required to keep a Turnover Record.

In the initial section, it is necessary to fill in the requested personal information. Next comes the record of invoices, which are listed chronologically by issue date and marked with serial numbers. Furthermore, the invoice number and issue date are recorded, along with the full name of the service user or guest. At the end of the row, the gross invoice amount is entered, i.e., the total amount charged to the service user, including agency commissions and tourist taxes.

The Turnover Record is filled out based on invoices issued within a single calendar year, and at the bottom of the column showing individual invoice amounts, the total amount of invoices for the entire year must be displayed, expressed in kunas.

When and to whom is the Turnover Record?

The Turnover Record for the current year must be submitted by January 15 of the following calendar year, or by January 15 of the current year for the previous year.

It is submitted to the Tax Administration responsible for the taxpayer’s place of residence, for the purpose of determining earned income.

The form is closed at the end of each calendar year, meaning a new one must be used for the next year, and it must be kept for at least five years.

SOURCE: Ministry of Tourism and Sports