Tax system in Slovenia

Income Tax for an Individual
An individual's income is taxable, as at 2005, at a progressive rate of 16% - 50%.
Corporate income tax rate in Slovenia is 25% in 2005.
Companies in special economic zones pay 10% only.

Capital gains in Slovenia are added to regular 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.

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Types of Corporations
In Slovenia, the following are very acceptable forms of incorporation:

A Limited Liability Company (with the suffix D.O.O.)

• Minimum share capital - SIT 2.1 million (SIT 14,000 for each shareholder).
• Maximum number of shareholders - 50; minimum number - 1.
• Joint Stock Company (with the suffix D.D.)
• Minimum share capital - SIT 6 million.
• Minimum number of shareholders - 1.

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.



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