The Ministry of Finance (MOF) on 26 July 2017, issued detailed guidelines for Country-by-Country (CbC) reporting. The guidelines also include the form and instructions for submitting the CbC reporting notification and require the following essential information:
- a brief description of group companies;
- information on the reporting parent company; and
- the role of the local reporting subsidiary within the group, where applicable.
The first country-by-country (CbC) reports required to be made to the tax authorities are due by 31 March 2018 for the tax year 2017.
The Japanese Ministry of Finance on 26 July 2017 issued a press release announcing that the double taxation agreement (DTA) between Japan and Slovenia, signed on 10 September 2016, will enter into force on 23 August 2017.
The Slovenian government on 16 June 2017 published the regulation on country-by-country (CbC) reporting in the Official Gazette (No. 30/2017) which came into force on 29 June 2017.
The Regulation provides a more detailed description of the rules on reporting requirements for the parent companies and the group companies subject to CbC reporting in Slovenia. The CbC reporting form is expected to be available in July 2017. In principle, the CbC reports must be submitted within 3 months after the end of the tax year as additional documents on the ordinary corporation tax return.
The Slovenian Finance Minister (MOF) gave an overview of the fiscal measures to be taken in 2017 and the projected measures allocated into three main categories: i) Restructuring the tax burden on individuals and businesses; ii) improving the efficiency of collection and reduction of administrative burdens, and iii) reducing the costs associated with the payment of taxes to improve the business environment.
The proposed measures are as follows:
- Various income tax improvements, including improved tax arrangements for non-residents;
- the establishment of new anti-abuse mechanisms;
- the extension of the tonnage tax scheme;
- implementation and management of fiscal transparency and avoidance measures, including related EU directives and the OECD BEPS minimum standards;
- approval of the Multilateral Convention on the Implementation of Taxation Related Measures to Prevent BEPS, signed by Slovenia on 7 June 2017; and
- Extension of the accessibility of e-payment choices.
The Slovenian Ministry of Finance on 19 April 2017 issued a proposal to amend the rules for the application of the Tax Procedures Act. The proposal provides more specific requirements for CbC reporting.
In addition the proposal would introduce CbC notification requirements that should be submitted in addition to the CIT return for the relevant financial year. The registration form is published on the website of the tax authorities. Also the proposal is supplemented by an Annex which provides an overview of all the items contained in the CbC report, their definitions and whether or not they are compulsory.
A Double Tax Agreement of 2016 between Kazakhstan and Slovenia has entered into force on 30th of December 2016. It has been applicable from 1st of January 2017.
The tax authority issued guidelines on 3 February 2017 clarifying monthly advance payments of corporate income tax resulting from the increase in the corporate income tax rate from 17% to 19% as from 1 January 2017.
In Slovenia, the advance payments of corporate income tax are calculated on the basis of income declared on the tax return for the previous taxable period. The tax authority has stated that, despite the increase in the tax rate, companies will continue to pay monthly advance payments at a rate of 17%. However, this will be effective only until the date at which taxpayers file their corporate income tax returns for the tax year 2016 (i.e. 31 March 2017).