The first package of tax changes, expected to be implemented at the beginning of 2025, has been sent for public consultation. This package includes the proposal for amendments to the Value Added Tax Act (ZDDV-1).
Establishment of a VAT group
The proposal includes the option to establish a so-called VAT group. This would allow multiple companies within the group to operate under a single VAT number. This would involve submitting a single consolidated VAT return for the entire group. This solution intends to help companies optimize costs better.
Entry into the VAT system
Under the proposal, the threshold for entering the Value Added Tax system would be raised from €50,000 to €60,000 in annual turnover. Small taxpayers not identified for VAT purposes in Slovenia (i.e., those who do not exceed the entry threshold) would be able to conduct business within the EU without VAT identification and VAT accounting up to a total revenue of €100,000 (implementation of the EU directive).
There is also a proposed increase in the VAT rate for sugary drinks (with added sugar) and energy drinks from 9.5% to 22%. Additionally, there will be a slight increase in excise duties on alcohol and alcoholic beverages.
Transfer and refund of VAT surpluses
Transfers of VAT surpluses and the possibility of claiming VAT refunds would be limited to five years from the submission of the VAT return in which the surplus was identified. An administrative simplification is also proposed, whereby taxpayers would monthly send their received and issued invoices to the Financial Administration of the Republic of Slovenia (FURS). FURS would then offer the possibility of issuing a pre-filled VAT return.
The proposed tax changes are published on the eDemokracija platform. Comments on the proposal can be submitted until July 3, 2024.
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