The closing of the fiscal year presents an opportunity to thoroughly evaluate business operations and set a solid foundation for the coming year. It is therefore essential to focus on the key aspects that affect the accuracy and reliability of your financial reports.

The annual financial statements must provide a fair and precise reflection of the company’s financial position. This aspect is crucial for any stakeholders making informed decisions based on this data. Each accounting entry should therefore be harmonized with the applicable accounting standards, as errors can have negative impact on both business performance and reputation.

This clarification complements the issued explanations regarding VAT treatment on sales and leaseback transactions. The aforementioned means that in the case of concluding a sale and leaseback transaction, when it will be considered a single financial transaction from the VAT point of view, real estate transfer tax will also be due in the case of new constructions and unbuilt building land (which have so far been taxed with VAT).

The purpose of reporting to the tax authority is to obtain information on potentially aggressive tax structures that would give the tax authority greater tax transparency and reduce the spillover of profits into more tax-friendly jurisdictions. This prevents aggressive tax schemes and the potential for tax evasion.

On  the portal eTaxes a simplified form was prepared, based on  which it is possible to submit a request for change of corporate income tax (CIT) installment.

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

Tax legislation provides certain options for business if they have difficulty paying their tax liabilities