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Last partiaql update, April 2008

Income Tax Rates
  • An individual's income is taxable, as at 2008, at a progressive rate of 16% - 41%.
  • Corporate income tax rate in Slovenia is 22% in 2008.
  • Companies in special economic zones pay 10% only. The corporate tax rate would be reduced to 21% in 2009, 20% in 2010.


Slovenia Individual Income Tax Rates 2008


Income (EUR) Tax Rates 2008
1-6,800 16%
6,801-13,600 27%
13,601 and over 41%


Capital Gains
  • Capital gains of companies are added to regular income.
  • Capital gain tax for individuals is 20%, depending on the holding period before selling, The tax rate is reduced by 5% for each 5 years. For holding period longer than 20 years the tax rate is 0%.
Overseas Income
  • An individual who is resident in Slovenia and a Slovenian company are liable for tax on their income outside Slovenia as well.
  • Qualification for residence for an individual: Permanent residence in Slovenia.


Reporting Dates and Payment

  • The tax year in Slovenia ends on December 31. It is compulsory to file a report and pay advances monthly or once every 3 months.
  • An individual is obligated to submit an annual report by March 31. Penalties are imposed in the case of a delay in submitting the annual report as well as a fine for each day's delay in payment of the tax due.
  • An individual whose entire income is from a salary or whose income as a self-employed individual is less than the amount defined in law, is exempt from submitting an annual report.




DEDUCTION OF TAX AT SOURCE

Taxation of Employees
  • An employer is obligated to deduct tax at source on a monthly basis from a salaried employee and to make additional contributions to social security.
  • The employer's contribution to national insurance is 16.1% and that of the employee - 22.1%.
  • In Slovenia, an employer is liable for payroll tax for all wages on which national insurance is payable.
  • The payroll tax would be abolished from 1.1.2009.


Other deductions

The following payments are subject to a deduction of tax at source:
  • Dividend - 15%.
  • Interest - 15%
  • Royalties -15%.


Comments:
  • Deductions at source for payments to foreign residents is subject to the Double Taxation Prevention Treaty.
  • In most cases, there is an exemption for deduction at source on a dividend paid to shareholders who are residents of the EU.


You can find additional info on Slovenia's tax laws in the Slovenian Ministry of Finance site.




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