Where will your employees go on holiday this year?

At its regular 25th session, the Slovenian Government laid down the texts of the amendments to the Personal Income Tax Act and the Pension and Disability Insurance Act, which will allow for this year’s holiday allowance to be paid up to the amount of average salary without burden of contributions and personal income tax.

If the amendments to the Personal Income Tax Act will therefore be adopted by Parliament, the annual tax holiday allowance will not be included in the tax base for assessing personal income tax, up to 100% of the average monthly salary (currently grossing EUR 1,729.15), and the recovery procedure is already calculated and estimated advance payments of personal income tax in 2019, in cases where employers have already repaid holiday allowances.

At the same time, we emphasize that in the event that you pay the allowance prior to the introduction of the novelties, in the payment of the allowance, the advance of personal income tax and social security contributions must be calculated and paid according to the applicable law.

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

RELATED POSTS
JUDGMENT OF THE COURT OF JUSTICE REGARDING THE ACT ON JUDICIAL PROTECTION OF FORMER HOLDERS OF ELIGIBLE LIABILITIES

JUDGMENT OF THE COURT OF JUSTICE REGARDING THE ACT ON JUDICIAL PROTECTION OF FORMER HOLDERS OF ELIGIBLE LIABILITIES

With the adoption of the Act on Judicial Protection Procedure for Former Holders of Eligible Liabilities of Banks (Act on…

Read more
IMPLEMENTATION OF THE EU DIRECTIVE ON WORK-LIFE BALANCE

IMPLEMENTATION OF THE EU DIRECTIVE ON WORK-LIFE BALANCE

The Directive (EU) 2019/1158 on work-life balance for parents and carers came into effect in August of this year. It…

Read more
Withdrawal from case-law on the publicity effect of entries in the land register in light of the starting point of the subjective limitation period for a damages claim

Withdrawal from case-law on the publicity effect of entries in the land register in light of the starting point of the subjective limitation period for a damages claim

In Case No III Ips 38/2021, the Supreme Court of the Republic of Slovenia has mitigated its jurisprudence on the…

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: