Value Added Tax VAT : EUGO Slovenia Business Point

Organization : Slovenia Business Point
Type of Facility : Value Added Tax (VAT)
Country: Slovenia

Website : http://eugo.gov.si/en/running/taxes/value-added-tax-vat/

Value Added Tax (VAT):

The Slovenian equivalent of VAT is DDV (davek na dodano vrednost). There are two taxation rates, i.e. 22% and 9.5% rate.

Related : EUGO Slovenia Ministry of Public Administration How can close a business : www.statusin.org/9578.html

A person becomes liable for VAT when EUR 50,000 turnover is exceeded within the previous 12-month period.

In this case, an application for the issue of a VAT identification number must be submitted in the month during which there is a great possibility that the value of taxable turnover will exceed the determined threshold of EUR 50,000.

You can become a VAT taxable person voluntarily, even if your turnover does not reach the above-stated amount. An application can already be submitted during the company establishment procedure. A condition for such, however, is that the applicant remains a taxable person for at least 60 months thereafter.

How can one become a person liable for VAT?:
A person or entity wishing to become liable for VAT must apply for a VAT identification number. The application for a VAT identification number is submitted to the tax administration office in electronic form via the eTax system or portal e-Vem. Use of the e-Tax system or e-Vem requires a digital certificate.

The entire process can also be carried out at the point VEM with free assistance from a specialist. (To review form DDV-P2.)

Based on the submitted application, the tax authority identifies the person or entity for VAT purposes: a VAT identification number is assigned, which consists of alphanumeric characters with the first two indicating the country the business is registered in (SI for Slovenia) and the number itself.

The tax authority issues the VAT identification number by no later than the last day of the month following the month of application.

VAT return:
Every taxable person identified for VAT purposes is obliged to submit a VAT return.

A VAT return must be submitted for each tax period separately, notwithstanding whether the person or entity is liable to pay VAT for the tax period for which the VAT return is being submitted.

The deadline for submitting a VAT return is the last business day of the month following the end of the tax period and in some cases even earlier (e.g. in the case of intra-EU transactions involving the obligation to submit a recapitulative statement, the VAT return must be submitted by the 20th day of the month following the end of the tax period).

The DDV-O form may be sent to the tax office only in electronic form through the eTax system . Use of the e-Tax system requires a digital certificate.

What is the procedure of identification for VAT purposes in the case of a foreign company that is not established but which carries out business activities in Slovenia?:
Even if a company’s head office is in another state and the company carries out activities in Slovenia only occasionally, it must be identified for VAT purposes.

It must obtain a Slovenian tax identification number and submit data for the tax period for the calculation of the estimated tax base. A foreign taxable person who obtains a tax identification number and VAT identification number in Slovenia is obliged to submit monthly VAT returns.

An application for a VAT identification number must be submitted at least 15 days before the company commences business activities. The application must be submitted electronically on the DDV-P3 form through the eTax system.

The form must be accompanied by a certificate from the competent authority of the state of the company’s establishment stating that the company is liable to charge VAT in that state, or by an extract from the business register which demonstrates that the company is registered as a business entity in its home state.

The form must also be accompanied by a certificate demonstrating that the company intends to perform business activities in Slovenia.

The tax authority issues a decision on identification for VAT purposes no later than by the taxable supply date indicated in the company’s application