2 April, 2019

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.

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