Recently, the government published several proposals for amendments to the individual and corporate income tax laws with the aim of balancing the tax burden between companies and individuals.
According to the proposals, the corporate income tax rate will increase to 20% from, 17%. Also, the destructibility of expenses arising from goodwill will be aligned with the amended Slovenian Accounting Standards. As a result, goodwill will no longer be tested for impairment. Instead, it will be subject to annual amortization and, as such, is no longer deductible for tax purposes.
