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COUNTRY TRADING PROFILES
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Taxes - Accounting
Tax Rates |
Accounting Rules
Tax Rates
Consumption taxes
- Nature of the tax
-
Value added tax or (in Slovene): davek na dodano vrednost (DDV).
- Tax rate
- 20%
- Reduced tax rate
- Slovenia applies a reduced VAT rate of 8.5% on certain categories of goods and services, including water supplies, pharmaceutical products, medical equipment for disabled persons, books, newspapers, hotel accommodation, foodstuffs, agricultural inputs…
- Other consumption taxes
- Products for which excise duty is paid are alcohol and alcoholic beverages, tobacco products, mineral oils and natural gas, electricity, coal and coke. More detailed information on excise duties is available on the European Commission website.
Corporate taxes
Tax rate
| Corporate income tax |
20% |
| Tonnage tax: as an alternative to normal corporate income tax, it is available to resident shipping companies in respect of their income from the operation of ships in international traffic. |
The tax base for a particular ship in a tax period is calculated by multiplying the daily tax base with the number of days a ship is operating within the given tax accounting period. (0.90-0.20 EUR/day, for 100 net tonnes) |
- Capital gains taxation
- Capital gains are treated as ordinary income, although gains arising from a transaction subject to the EC merger directive are exempt.
- Main allowable deductions and tax credit
- Apart from depreciation allowance and company loss that can be carried forward for the following seven years, several tax reliefs are in place for: investment in development; employing disabled persons; carrying out traineeship; donations; voluntary supplementary pension insurance; hiring of unemployed people; investment funds, pension funds, insurance companies and other venture capital companies.
- Other corporate taxes
- Social security contributions, transfer tax.
Individual taxes
Tax rate
| Personal Income Tax |
Rate varies between 16 and 41% according to the amount of the income |
| From EUR 0 to 7,410 |
16% |
| From EUR 7,410 to 14,820 |
27% |
| Above EUR 14,820 |
41% |
- Allowable deductions and tax credit
- General individual tax deduction valid for every taxpayer is based on the amount of the yearly income. For more details consult the Guide on Slovenian Taxation. There are also some further individual tax deductions for disabled persons, for seniors, for students and for dependent children or other dependent family member.
- Special expatriate tax regime
- There is no special tax regime for expatriates.
Double taxation treaties
- Countries with whom a double taxation treaty have been signed
- See the list of the conventions signed.
- Withholding taxes
- Dividends: 0/15%, Interest: 0/15%, Royalties: 15%
- Bilateral agreement
-
 We can indicate you which local taxes are applied to your product.
Accounting Rules
- Tax year
- January 1st to December 31st.
- Accounting standards
- The accounting in Slovenia should be in line with the law (Accountancy Act - in Slovenian only) and the international financial reporting standards (IFRS) as valid for the EU member states.
- Accounting regulation bodies
-
Slovenian Institute of Auditors
Court of Audit
Government Budget Supervision Office
- Accounting reports
- The New Slovenian accounting system was finalized in accordance with international accounting standards and general accounting principles accepted in the EU. Business books are kept on a double-entry bookkeeping bases except for small entrepreneurs.
Annual reports of entrepreneurs and personal companies should comprise at least the balance sheet and income statement.
Annual reports of small share capital companies whose shares are not listed on the stock exchange should as a minimum containt balance sheet, income statement and annexes with an explanation of the reports stipulated by law.
Annual reports produced by large and medium-sized capital companies, dual companies and small companies whose shares are listed on the stock exchange should contain balance sheet, income statement, cash flow statements, statement on changes in equity and explanatory annexes as stipulated by law.
- Publication requirements
- Companies should publish an annual financial report which must be disclosed within a period of 3 months after the end of the fiscal year to the agency called AJPES. Audit reports are compulsory for large and medium-sized companies and small companies with securities traded on an organized market. Audits must be carried out within 6 months. Annual reports accompanied with the auditor's report shall be submitted to the AJPES agency within 8 months.
- Professional accountancy bodies
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Association of Accountant Services
Section of accountants
- Certification and auditing
- The standards of accounting, auditing and assesment are set by the Slovenian Institute of Auditors (in Slovenian only). An auditor's report on financial statements shall be prepared and signed by a certified auditor. For more information consult the Auditing Act.
You can contact an external auditor: Ernst & Young, KPMG, PricewaterhouseCoopers, Deloitte.
- Accounting news
-
Accountancy web portal (in Slovene only)
Government agency gathering annual reports of all companies, offering also financial analyses, and credit ratings
International accountancy publishing house website (in Slovene only)
IAS Plus
© Export Entreprises SA, all rights reserved.
Last updates: May 2012
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