Slovenia: APA concluded for transfer pricing purposes
On 1 August 2014, the amendments to the Financial Administration Law (the Law) entered into force. According to the law, the Tax Procedure Act effective from 2007 introduced a system of tax rulings and from 1 August 2014 advance pricing agreements
See MoreSlovenia-U.A.E Income Tax Treaty ratified
The Income Tax Treaty between United Arab Emirates and the Slovenia has been ratified by the way of Decree No. 72/2014. Further details of the treaty will be reported
See MoreSlovenia: Financial administration approved to conclude advance pricing agreements
In Slovenia, the amendments to the Financial Administration Law (the Law) entered into force on 1st August 2014. This Law Based on financial authorities is authorized to conclude advance pricing agreements (APA) for transfer pricing purposes. The
See MoreSlovenia -United States ratified FATCA agreement 2014 by Slovenia
The Slovenia - United States FATCA Agreement (2014) has been signed on 2 June 2014. Slovenia also approved the Agreement on 19 June 2014 which has been published in the Official Gazette No. 8/14 of 30 June 2014. The approval law becomes effective
See MoreSlovenia – Iran DTA ratified
It is reported that Slovenia on 6 March 2014 ratified the double taxation agreement (DTA) with Iran. The DTA which was originally signed on 20 September 2011 will enter into force when both countries have completed the necessary ratification
See MoreSlovenia- VAT rise from 22% to 24%
Slovenia has increased the standard VAT rate from 22% to 24% with effect from 1 May 2014 until 31 December 2014. Â This is intended to contribute to dealing with the 14.7% budget deficit to GDP that has arisen due to a bailout of banks in 2013.
See MoreJersey ratifies TIEA with Slovenia
Jersey ratified the tax information exchange agreement (TIEA) with Slovenia on February 4, 2014. The law to ratify the TIEA signed between Jersey and Slovenia was tabled before Jersey's parliament for its approval on December 23, 2013. Jersey and
See MoreSlovenia initials US FATCA Agreement
On January 28 2014 Slovenia's Ministry of Finance announced that Slovenia and the United States have initialed the text of a bilateral inter-governmental agreement (IGA) for the implementation of the US Foreign Account Tax Compliance Act (FATCA).
See MoreSlovenia – Constitutional Court Suspends Real Estate Tax
Slovenia's Constitutional Court has suspended property tax assessments. The tax imposes a charge based on property value of between 0.15 percent for occupied residences through to 0.5 percent for empty homes and 0.75 for commercial properties.
See MoreSlovenia- Audits time limits
There is no fixed time limit within which a tax audit may take place. The statute of limitations is normally ten years but may be extended for the duration of legal procedures in connection with collecting
See MoreSlovenia-Uzbekistan:DTA enters into force
The new Double Tax Agreement (DTA) between Slovenia and Uzbekistan entered into force on 8 November 2013, following publication in the Official Gazette of the Republic of Slovenia on 13 January 2014. The new Treaty will apply to all income
See MoreSlovenia: Tax Procedure Law amended
The Slovenian Parliament passed into law amendments to the Tax Procedure Law on 18 December 2013. These changes apply from 1 January 2014. The main changes cover undeclared taxable income,the applicable statute of limitations and rules on the
See MoreSlovenia: Modified Individual Income Tax Law enacted
It has been confirmed on 26 December 2013 that modified Individual Income Tax Law entered into force on 23 November 2013 in Official Gazette 96/2013. The modifications include a provision that in the case of income that arises under a dependent
See MoreDTA between Austria and Slovenia
Austria completed its domestic ratification procedures on 26 November 2013, in relating of the amending protocol to the double tax agreement (DTA) signed with Slovenia, and the protocol entered into force on that date. The protocol includes detailed
See MoreTreaty between Slovenia and United Arab Emirates signed
It is reported that Slovenia and the United Arab Emirates signed a tax treaty on 12 October 2013, during the annual meeting of the World Bank Group and International Monetary Fund in Washington D.C. The treaty is expected to further the development
See MoreTreaty between Kuwait and Slovenia enters into force
The Income and Capital Tax Treaty between Kuwait and Slovenia entered into force on 17 May 2013. The treaty generally applies from 1 January 2014. Under the Treaty, the definition of a permanent establishment includes a situation where substantial
See MoreSlovenia: revised budget approved
The Government of the Republic of Slovenia approved the draft revised budget for 2013 on 20 June 2013. The main reason for drafting a revised budget for 2013 was the waning macro-economic forecasts in comparison with the forecasts relevant when the
See MoreSlovenia: VAT rates increased
Amendments and supplements to the Act on the implementation of the Budget for the years 2013 and 2014 (the Act) were published in the Official Gazette (Uradni List, No. 46/2013) of Slovenia On 29 May 2013 on June 5, 2013. The government of Slovenia
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