2019 tax reform and updates

Ending February, the Ministry of Finance released a package of nine measures aimed at optimizing taxes and the taxation of income from employment, whilst replacing the budget deficit with an increase in taxation of capital and a more effective fight against grey economy, tax evasion and social fraud.

Measures aimed to reduce the tax burden of income from employment are the increase in marginal tax brackets and lowering of marginal tax rates, an increase of tax reliefs, lowering the tax burden on holiday pay and lastly lowering the tax burden on the reward for performance. On the other hand, capital gains tax shall be increased from 25% up to 30% and the corporate income tax rate shall also rise by 1% annually, up to a maximum of 22% in 2022. Lastly, a limited carry-foward of tax loss is to be enforced.

As for the latest news regarding above mentioned measures, today the Parliament is about to adopt the amendment to the Personal Income Tax Act. This means that annual holiday allowance up to 100% of the average monthly salary (currently grossing EUR 1,729.15) will not be included in the tax base for assessing personal income tax.

Still, the holiday allowance must be paid until June 30th.

 

RELATED POSTS
The term ‘emmentaler’ cannot enjoy protection as a European Union trade mark for cheeses

The term ‘emmentaler’ cannot enjoy protection as a European Union trade mark for cheeses

In the Case no. T-2/21 concerning the trade mark protection in the EU, the General Court of the EU (the…

Read more
Proposal for an amendment of the Animal Protection Act

Proposal for an amendment of the Animal Protection Act

On April 13, 2023, a group of members of Slovenian Parliament submitted a proposal for amendments of the Animal Protection…

Read more
Amendment to the Administrative Dispute Act (ZUS-1) ensures greater efficiency and speed of decision-making in administrative disputes

Amendment to the Administrative Dispute Act (ZUS-1) ensures greater efficiency and speed of decision-making in administrative disputes

In June, Amendment C to the Administrative Dispute Act (“ZUS-1“), published in the Official Journal of the Republic of Slovenia…

Read more

Address:

Dalmatinova ulica 2
SI-1000 Ljubljana, Slovenia

Phone:

+386 59 097 400
+386 59 097 410

Email:

info@s-k.law

Social: