Penalties for late payment

Late payment interest: 0.0247 % per day (section 96 ZdavP)

Corrected return

Under section 55 ZdavP a declaration in the form of the filing of a corrected tax return before receipt of notification of the starting date of a tax audit is possible. The corrected tax return must include the amount of the under-declaration and a computation of penalty interest, which must be paid immediately.

VAT

Since 20 October 2011 mistakes in VAT returns are no longer eliminated by corrected returns. Since then the provisions of the VAT Act are applied.

Cash invoices

In case of obligation to bookkeeping certain invoice blocks that are approved by the tax authorities have to be used for cash invoices as of 31 January 2015

Advance rulings

The request for a binding ruling in advance must include, among other things, a comprehensive description of the nature of the transaction, a specific issue for determination, the relevant statutory definitions, decided cases, existing legal opinions, whether the issue is currently subject of tax pro- ceedings, together with supporting documentation.

The ruling can be withdrawn if the law has been wrongly construed, but it is binding on the tax authorities until it is withdrawn.

Cash transactions/ Cash register

Between 27 December 2011 and 30 March 2012 payments of supplies and services over EUR 50 between entrepreneurs have only been allowed by bank transfer or credit/cash cards. As of 31 March 2012 this limit was increased to EUR 420. This provision also applies to such pay- ments done by foreign entrepreneurs in Slovenia. Starting 2nd of January 2016 enterpreneurs need to use a fiscal cash register.

Cash payments to employees

Payments to employees (such as salary, travel expenses, daily allowances/transportation costs) must be done to the bank account of the relevant employee.

Criminal provisions

There are no separate criminal provisions: different offences are subject to a range of fines and penal- ties forming part of the individual tax regulations. Sanctions are also part of the Fiscal Code.

Billing to public corporations

Billing to public corporations has to be done via e-invoices

Penalty fees

Depending on the cooperation of the taxpayer (in case of a voluntary declaration, waive of an appeal during a tax audit) penalty fees for delay can arise between 2 % (interest for delay payment) and 7 % (assessement of the tax liability during a tax audit). In case of a voluntary declaration the interest for late payment is 3 %, in case of tax audit 5 %.

Tax deferral and payment by instalments

According to the current legal regulations a tax deferral or payment by instalments for 24 months can be requested. For that period of time the intrests rate is 2%