Area: Finance
Competent authority: FURS, MF
EZU URL: .nan
Initiative ID: 1107
Initiative accepted and completed: '2021-02-05'
Initiative classified in EZU: .nan
Initiative forwarded in response: '2021-01-26'
Initiative published: '2021-01-26'
Initiative submitted: '2021-01-25'
Response from the competent authority: "Answer from the Ministry of Finance:Pursuant\
  \ to Article 81(1) of the Income Tax Act (Official Gazette of the RS, No 13/11 -\
  \ official consolidated text, 9/12 - US Decree No 9/12, 24/12, 30/12, 40/12 - ZUJF,\
  \ 75/12, 94/12, 52/13 - US Decree No 52/13, 96/13, 29/14 - US Decree No 29/14),\
  \ the Ministry of Finance has adopted the following amendment. US, 50/14, 23/15,\
  \ 55/15, 63/16, 69/17, 21/19, 28/19 and 66/19; hereinafter referred to as \"ZDoh-2\"\
  ), interest includes interest on loans, interest on debt securities, interest on\
  \ cash deposits with banks and savings banks and other similar financial claims\
  \ on debtors, income from financial leasing, life insurance income and income derived\
  \ by the taxpayer from the distribution of the income of an investment fund in the\
  \ form of interest. In accordance with Article 83 ZDoh-2, the taxable amount is\
  \ the interest earned, unless otherwise provided for in this Law. In relation to\
  \ interest earned by a resident 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, pursuant to Article 133(2) of the VAT Code, the following\
  \ applies In the seventh paragraph of Article 325 of the Tax Procedure Act (Official\
  \ Gazette of the Republic of Slovenia, No. 13/11 - officially consolidated text,\
  \ 32/12, 94/12, 101/13 - ZDavNepr, 111/13, 22/14 - Decree No. 22/14), the amount\
  \ of the taxable amount of the above-mentioned interest is reduced by EUR 1,000.\
  \ US, 25/14 - ZFU, 40/14 - ZIN-B, 90/14, 91/15, 63/16, 69/17, 13/18 - ZJF-H, 36/19,\
  \ 66/19, 145/20 - Dec. US and 203/20 - ZIUPOPDVE; hereinafter referred to as: ZDAVP-2),\
  \ which regulates the procedure for taxation of such interest, provides that the\
  \ income tax on interest earned by a resident on cash deposits with banks and savings\
  \ banks established in accordance with the regulations in the Republic of Slovenia\
  \ and with banks of other EU Member States is determined by the tax authority on\
  \ the basis of the resident taxpayer's annual tax return. The reason for the special\
  \ regulation of the procedure for payment of income tax on the above interest is\
  \ related to the above exemption under ZDoh-2, since the aggregate tax base on such\
  \ interest, reduced by EUR 1 000, can only be determined on the basis of the annual\
  \ return. Resident taxpayers may have cash deposits with various banks and savings\
  \ banks both in Slovenia and in the EU and, in particular in relation to the latter,\
  \ FURS does not necessarily have all the relevant data. The data obtained by the\
  \ FURS through the possible international exchange of information on the above-mentioned\
  \ income are usually received with a certain time lag and therefore could not be\
  \ taken into account in time for the preparation of the informative calculation,\
  \ and are often insufficient for the correct assessment of income tax (e.g. This\
  \ would nullify the advantage of the proposed administrative relief for taxpayers.Furthermore,\
  \ the introduction of an information calculation for this type of income, on which\
  \ no withholding tax is paid during the year, would represent a further de facto\
  \ delay in the payment of the tax liability on this income, which is inappropriate\
  \ from the point of view of ensuring budgetary liquidity.This is also not appropriate\
  \ from the point of view of ensuring budgetary liquidity. It is also inappropriate\
  \ from the point of view of the taxation system, as it increases the risk that the\
  \ taxable person will prematurely use part of the income corresponding to the expected\
  \ amount of the income tax calculated on that income and will consequently be unable\
  \ to settle his tax liability. The information statement discloses to the taxpayer\
  \ the income information available to the tax authority, which may encourage some\
  \ taxpayers not to disclose all of their income to the tax authority in their objection\
  \ to the information statement.We would also like to add that a resident taxpayer\
  \ whose total amount of the stated interest does not exceed \u20AC1,000 is not required\
  \ to file a return. Thus, not all taxable persons who earn such income are affected\
  \ by the obligation to file a return."
Text file: 1107.txt
Title: Informative calculation for interest on cash deposits
URL: https://www.stopbirokraciji.gov.si/pobuda/?st=1107
