Tax news 2020

Slovene tax authority issues notice of deferred payments or instalment payments due to COVID-19 epidemic

Vesna R. Ahčin Vesna R. AhčinVesna R. Ahčin

For the duration of the Act on Interventional Measures regarding the fiscal area, no interest will be levied in the event of delayed payment or installment payment. The Slovene Tax Authority also updated the tax deferral or installment payment form due to the loss of ability to generate revenue caused by the COVID-19 epidemic.

According to the valid regulation of the Tax Procedure Act, the taxpayer is levied with interest at the time of deferral or installment payment of tax at the rate of 2 % per annum. During the period of validity of the Interventional Measures Act regarding fiscal area, a taxpayer whom the tax authority deferred payment or allowed instalment payments in the event of serious economic damage or in the case of special deferrals, on deferred tax amount or unpaid taxes (including default interest), the  interest are not levied. Even in the event when during the validity of the before mentioned interventional law or emergency due to a virus epidemic, the tax authority issues a decision or if the taxpayer files an application for deferral or installment payment, late interest will not be levied.