Area: Finance
Competent authority: MF
EZU URL: .nan
Initiative ID: 1129
Initiative accepted and completed: '2021-05-04'
Initiative classified in EZU: .nan
Initiative forwarded in response: '2021-04-19'
Initiative published: '2021-04-19'
Initiative submitted: '2021-04-16'
Response from the competent authority: "Reply from the Ministry of FinanceThe Ministry\
  \ explains that the obligation for banks to report information on interest on cash\
  \ deposits is imposed for the purpose of filing income tax returns on interest on\
  \ cash deposits. Pursuant to Article 337(4) of the Tax Procedure Act, the information\
  \ for the assessment of income tax is to be sent to income tax payers no later than\
  \ 31 January of the current tax year for the preceding tax year. The obligation\
  \ to report to taxpayers by that date is thus also imposed on interest earned on\
  \ cash deposits with banks and savings banks established in accordance with the\
  \ regulations of the Republic of Slovenia and with banks of other EU Member States.\
  \ The timely, correct and complete transmission of this information by banks is\
  \ essential for the submission of the tax return. This must be filed by the resident\
  \ taxpayer by 28 February of the current year in respect of the previous year if\
  \ the total amount of the interest referred to above earned during the tax year\
  \ exceeds EUR 1 000. The total amount of interest earned must be entered in the\
  \ return, not just the difference over \u20AC1,000. If a resident taxpayer earns\
  \ less than \u20AC1,000 in interest during the tax year, he is not obliged to file\
  \ the return.We should add that it is not possible for a bank to know how much interest\
  \ a taxpayer has earned in total, so there is no minimum amount up to which no notification\
  \ by banks would be necessary. It is true that interest rates on time deposits have\
  \ been low for some time, but this is subject to change, so the level of the interest\
  \ rate itself cannot affect the reporting obligation, as it is subject to change.\r\
  \n \r\nTaxpayers need the information in order to fulfil their tax obligation (to\
  \ file a tax return if they earn interest of \u20AC1000) and therefore the proposal\
  \ for administrative relief cannot be taken into account."
Text file: 1129.txt
Title: Information on interest earned on time deposits in banks sent to postal addresses
  - only above a certain amount of interest earned
URL: https://www.stopbirokraciji.gov.si/pobuda/?st=1129
