Area: Finance
Competent authority: MF
EZU URL: .nan
Initiative ID: 272
Initiative accepted and completed: '2014-01-22'
Initiative classified in EZU: .nan
Initiative forwarded in response: '2014-01-08'
Initiative published: '2014-01-08'
Initiative submitted: '2014-01-08'
Response from the competent authority: 'Reply from the Ministry of Finance: The proposed
  solution of introducing withholding tax on interest payments on securities issued
  by the Republic of Slovenia and debt securities issued by a company incorporated
  in accordance with the regulations of the Republic of Slovenia was in force until
  2010. The legislation in this area was amended to ensure the general benefit of
  the economic environment, as it enabled issuers to issue financial instruments more
  cheaply (e.g. As a consequence, such securities can be purchased by foreign legal
  and foreign natural persons through foreign intermediaries without increasing the
  issuer''s cost of borrowing. This increases the international competitiveness of
  the issues (i.e. has a positive impact on the demand for such securities by foreign
  investors) and indirectly lowers the cost of borrowing, which is of paramount importance
  in a situation of tight conditions in the international financial markets.According
  to the eighth paragraph of Article 325. Article 325, paragraph 8, of the Tax Procedure
  Act (Official Gazette of the Republic of Slovenia, No. 13/11-UPB4, 32/12, 94/12,
  101/13 ZDavNepr and 111/13 - hereinafter referred to as ZDavP-2), the tax authority,
  on the basis of the taxpayer''s tax return, determines the income tax on interest
  earned by a resident on securities issued by the Republic of Slovenia and issued
  pursuant to the law regulating public finances and on certain debt securities issued
  by a company established in accordance with the regulations of the Republic of Slovenia.
  According to Article 326(1) ZDavtaP-2, the taxpayer must file the said return with
  the tax authority by the 15th day of the month for the preceding quarter. It should
  be noted that this method of filing the return applies not only to the above-mentioned
  interest, but also to interest and dividends paid by a person who is not a taxpayer,
  and to interest and dividends referred to in Article 326(9) ZDAVP-2 (i.e. received
  in kind or directly reinvested abroad).'
Text file: 272.txt
Title: Interest payments on bonds for natural persons
URL: https://www.stopbirokraciji.gov.si/pobuda/?st=272
