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Slovenia Update
Tax changes in 2011
Corporate Income Tax
There are no basic changes to tax incentives which are a
deduction from the tax base of 30% of the amount invested
in equipment and intangibles but not exceeding the amount
of EUR 30,000 and only up to the amount of the taxable base.
No basic changes have been made to corporate income tax
generally.
Personal Income Tax
The Personal Income Tax Act distinguishes between six
categories of income: income fromemployment, business
income, income from basic agriculture and forestry, income
from rents and royalties, income from capital, and other
income accruing to persons liable to tax in the Republic of
Slovenia.
Tax schedule for the year 2011 (in EUR)
The tax schedule for the year 2011 is as follows:
Allowances that reduce the aggregated taxable base
(deductions) for a resident taxpayer on an annual level
include (for the year 2011):
General allowance:
■ EUR 6,205,68 for residents with active income up to
EUR 10,342,80;
■
■
Taxable income (EUR)
0 to 7,634,40
7,634,40 to 15,268,77
15,268,77 and over
Tax on lower amount (EUR)
EUR 4,205,74 for residents with active income between
EUR 10,342,80 and EUR 11,965,20;
EUR 3,143,57 for residents with active income more
than EUR 11,965,20.
Personal allowances:
■ Disabled person’s allowance: EUR 16,808,00 if the
resident is a disabled person
■ Seniority allowance: EUR ,.352,86 for a resident older
than 65 years of age
■ Student allowance: EUR 3,143,57 for income earned by
pupils or students for temporary work done on the basis
0
1,221,50
3,282,78
Rate on excess
16%
27%
41%
of a referral issued by a special organisation dealing with
job-matching services for pupils and students.
Family allowances: granted to residents who are supporting
their family members, as follows:
■ EUR 2,319,50 for the first dependent child; for each
subsequent dependent child this amount is increased
■ EUR 8,404,56 for a dependent child who requires
special care
■ EUR 2,319,50 for any other dependent family member.
Special deduction for voluntary additional pension
insurance payments:
■ premiums paid by a resident to the provider of a pension
plan based in Slovenia or in an EU Member State
according to a pension plan that is approved and
entered into a special register, but limited to a sum equal
to 24% of the compulsory contribution for compulsory
pension and disability insurance for the taxpayer, or
5.844% of the taxpayer’s pension, and no more than
EUR 2.683,26 annually.
Important VAT deduction change
There is important change in the Slovenian VAT Act on the
VAT deduction matter. If the taxpayer identified for the tax
purposes in Slovenia delays payment to its supplier (late
payment according to the Act on preventing of late payment*),
VAT cannot be deducted from an invoice. If the taxpayer
has already deducted VAT from the invoice and the delay in
payment appears in the next tax periods, the correction
must be made in the tax period when delay appears. The
tax liability must be increased for such tax period. This
obligation does not concern the tax payer (in this case the
debtor) which offers such invoices into the system of multilateral
offset.
*This Act shall transpose Directive 2011/7/EU of the European Parliament
and of the Council of 16th February 2011 on combating late payment in
commercial transactions (OJ L 48 of 23 February 2011, p.1) into the
legislation of the Republic of Slovenia.
For more information please contact:
Tomaž Lajnšček
Preizkušeni Davčnik/Verified tax expert
Renoma d.o.o
T: +386 3 4244210
F: +386 3 4244181
E: tomaz.lajnscek@renoma.si
38 // PKF International Tax Alert All Regions
Issue 8 November 2011