On October 23rd, 2019, the National Assembly of the Republic of Slovenia adopted amendments to four tax laws: the Personal Income Tax Act (ZDoh-2), the Corporate Income Tax Act (ZDDPO-2), the Law on tax on profit from disposal of derivatives (ZDDOIFI), and, consequently, the Tax Procedure Act (ZDavP-2). Changes are expected to bring less money into the national budget, but this deficit should be offset by more efficient tax collection and more stringent supervision.
The tax reform relieves the scale for assessing personal income tax, introduces a new way of valuing real estate, changes the taxation of entrepreneurs and legal entities, while introducing significant changes in the field of taxation of capital, and especially capital gains, since from the validity of the reform, their own shares and subsequent payments will have a prominently more stringent treatment.
Probably the most interesting part for individuals is the impact of the tax reform on their salaries, but these changes are minimal. For example, an employee with an average salary will receive about EUR 143 more per year.
As the end of the year is approaching, prepare in time for the new tax regime, which will take effect from January 1st, 2020.