Corporate income tax (CIT)
The Tax Procedure Act has been amended to introduce the possibility for taxable entities to conclude an Advanced Pricing Agreement (APA) with the competent authority on the transfer prices set between related entities. Additionally, the possibility is foreseen that an APA is concluded cross border with the competent tax authority in a foreign state. The amendments came into force as of 1 January 2017.
With the amendments of the Tax Procedure Act, which were published in the Official Gazette on 5 October 2016, a country-by-country (CbC) reporting obligation has now been implemented into the Slovene legislation and is in use as of January 2017 onwards. The first submission of CbC reporting is thus required for the financial year 2016, whereas the deadline for the submission of CbC reporting is within 12 months after the end of financial year (i.e. 31 December 2017).
Furthermore, the Slovene CIT Act and Personal Income Tax (PIT) Act have been amended, with the new regulations effective as of 1 January 2017 onwards. As part of the amendments to the CIT Act, the CIT rate has been increased from 17% to 19% from 1 January 2017 onwards. In addition, the special zero tax rate for venture capital companies is abolished, and recognition of expenses from depreciation of goodwill is no longer allowed.