The Australian government announced on 9 September 2024 that it signed a new tax treaty with Slovenia. The tax treaty treaty is the first between the two countries and marks a significant milestone in the bilateral relationship.
Once in force, the treaty will enhance trade and investment opportunities between Australia and Slovenia by creating a more favourable regulatory environment and producing new opportunities to enhance economic cooperation.
The treaty will give Australian businesses new opportunities to access Slovenian capital through reduced withholding tax rates.
This will lower costs for Australians investing in Slovenia and will improve access to Slovenian technology. The treaty will also reduce compliance costs for taxpayers and improve certainty for businesses and investors connecting Australia and Slovenia.
The treaty will play an important role in supporting the Government’s commitment to Ensure that Multinationals Pay Their Fair Share of Tax by establishing strong cooperative links between Australia and Slovenia and is line with OECD and G20 recommendations designed to reduce profit shifting.
Once both countries have completed their domestic implementation requirements, the treaty will enter into force.
