Slovenia proposed amendments to Corporate Income Tax Law

The amendments, once approved by the Parliament, will apply as from 1 January 2013

On 27 September 2012, the Government proposed amendments to the Corporate Income Tax Law.

The key elements of the proposed amendments are listed below:
– The utilization of tax losses transferred from previous tax years will be limited to 50% of the tax basis (currently, 100%). This will apply to companies, permanent establishments of non-residents as well as individuals earning professional income.

– Qualifying companies, permanent establishment and individuals with professional income with annual income not exceeding €50,000 within a tax year, will be able to opt for lump sum deduction. Under the new scheme, companies will be able to deduct 70% of their annual expenses instead of assessing their actual expenses based on accounting standards.