|
All forms of relief relate to the income of an individual who is a Slovenian resident.
The following amounts are subject to the definition and ceilings in Slovenian law:
Personal Relief
- Personal allowance for a resident EUR 2,800.
- A deduction for the purchase of long term local securities, tuition fees and more. This is subject to a total deduction from all sources that is not in excess of 3% of taxable income.
- A deduction for purchase of primary residence,up to 4% of the taxable income.
- Receipt of state cultural grants, up to a limit.
Business Deductions in Slovenia
The following expenses are partially allowable for tax purposes in Slovenia, subject to certain conditions:
- Offset of losses - a loss may be offset forward with no limit. There is no carryback.
- Consolidated reports are not allowed.
- Finance expenses - in certain circumstances, financing expenses are not allowable. These circumstances include a loan received from associated parties, and a loan with an undefined date of repayment or loans that are granted on terms that are significantly different from the accepted terms in the Slovenian market.
- Transactions between associated parties - when the debt to equity ratio is above 6:1, the interest expense on loans is not allowable for tax purposes.
- Depreciation on fixed assets - the allowable rates of depreciation in Slovenia are:
| Class of Asset |
Annual Depreciation, % |
| Computers |
50% |
| Machinery and equipment |
25% |
| Buildings |
5% |
| Goodwill |
10% |
|
