Text file: 3453.txt
author: herbi6183
downvotes: 7
end consideration date: 2012-08-29
id: '3453'
number comments: 6
number views: 3720
proposal type: Competent authority response
response: "Response from the Ministry of Finance\nAccording to the Income Tax Act\
  \ (Official Journal of the Republic of Slovenia, No 13/11 - official consolidated\
  \ text, 9/11 - ZUKD-1, 24/12, 30/12 and 40/12 - ZUJF; hereinafter: ZDoh-2), interest\
  \ is taxed at a uniform proportional rate of 20% (25% as of 1 January 2013). This\
  \ tax is considered as a definitive tax.\nInterest earned by resident individuals\
  \ on cash deposits with banks and savings banks established in accordance with the\
  \ regulations in Slovenia and with banks and savings banks of other EU Member States\
  \ is taxed at the above-mentioned rate, but only to the extent that the interest\
  \ exceeds EUR 1,000 per annum. If the interest does not exceed this amount, no income\
  \ tax is payable on such interest.\nUnder ZDoh-2, a resident taxpayer may also choose\
  \ to have interest accrued over the tax year period included in his tax base each\
  \ year in the case of long-term deposits or long-term savings with banks and savings\
  \ banks (i.e. with a maturity of more than one year), notwithstanding that he cannot\
  \ dispose of them before the expiry of the date of the deposit or savings. The taxable\
  \ person must notify the bank or savings bank of his election within the time limit\
  \ and in the appropriate manner. This gives the taxable person the possibility,\
  \ even in the case of long-term deposits or savings, to benefit from the tax-free\
  \ part of the interest (i.e. EUR 1 000) in each year of the deposit or savings,\
  \ and not only in the year of the expiry of the deposit or savings.\nThe tax-free\
  \ part of the interest on deposits of \u20AC1,000 per year is a relief which exempts\
  \ most small savers from taxation.\nThe tax system described is simple and internationally\
  \ comparable. For these reasons, the Ministry of Finance considers that the proposal\
  \ to abolish the tax on interest on bank deposits is not appropriate for further\
  \ consideration at this time, in a situation of tight fiscal conditions.\n "
response date: 2012-09-18
response due date: null
sent date: 2012-07-31
title: Abolition of tax on interest on bank deposits
upvotes: 16
url: https://predlagam.vladi.si/predlog/3453
