Slovenia to reduce corporate tax rate

Beginning from 2012

Slovenia reduced its corporate income tax rate on 27 April 2012 from 20% to 18% for calendar year 2012.

The rate will further reduce to 17% for 2013, 16% for 2014 and 15% for 2015 and thereafter.

In addition to the rate changes, the following amendments were made to Slovenia’s tax incentives (also effective as from 1 January 2012):
• The overall tax relief for investment in R&D is increased to 100% (from 40%) of the amount invested; and
• The investment allowance for investments in qualifying equipment and intangible assets is increased to 40% (from 30%) of the actual investment up to the amount of the tax base (previously limited to EUR 30,000).