Area: Finance
Competent authority: MF
EZU URL: .nan
Initiative ID: 979
Initiative accepted and completed: '2019-10-09'
Initiative classified in EZU: .nan
Initiative forwarded in response: '2019-09-23'
Initiative published: '2019-09-23'
Initiative submitted: '2019-09-19'
Response from the competent authority: ' US, 50/14, 23/15, 55/15, 63/16, 69/17, 21/19
  and 28/19; 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, income from life insurance 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, an exemption from income tax applies pursuant to Article
  133 ZDoh-2, i.e. the sum of the tax bases on the above interest is reduced by EUR
  1 000.The procedure for taxation of such interest is regulated by Article 325(7)
  of the Tax Procedure Act (Official Journal of the Republic of Slovenia, No. 13/11
  - official consolidated text, 32/12, 94/12, 101/13 - ZDavNepr, 111/13, 22/14 - Decree
  No. US, 25/14 - ZFU, 40/14 - ZIN-B, 90/14, 91/15, 63/16, 69/17, 13/18 - ZJF-H and
  36/19; ZDavtaP-2), which provides that income tax is payable on interest earned
  by a resident on cash deposits with banks and savings banks established in accordance
  with 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
  income tax return, which is an annex to the Regulation on forms for income tax returns
  and forms for income tax returns on capital income and rental income (Official Gazette
  of the Republic of Slovenia, No. 102/15, 79/16, 79/17, 79/18 and 29/19). The reason
  for the special regulation of the procedure for the payment of income tax on the
  above-mentioned interest is related to the above-mentioned exemption under ZDoh-2,
  since the aggregate taxable amount of the tax base on this 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, but FURS does not necessarily have all the relevant data. While the FURS
  receives data on financial accounts opened abroad by Slovenian residents in the
  framework of the automatic exchange of information, these data are not identical
  to the data provided by the individual to the FURS on the basis of the annual income
  tax return, which are relevant for the determination of the tax base under ZDoh-2.
  For this reason, the obligation to provide the relevant information is incumbent
  on resident taxpayers who earn such income, through the annual return. However,
  the FURS may verify the correctness of the information provided in subsequent control
  procedures, if it deems them necessary.It should be added that the tax return does
  not have to be filed by a resident taxpayer whose total amount of interest on cash
  deposits with banks and savings banks established in the Republic of Slovenia and
  in other EU Member States, earned during the tax year, does not exceed EUR 1,000.'
Text file: 979.txt
Title: Elimination of reporting of interest earned on deposits with banks and savings
  banks
URL: https://www.stopbirokraciji.gov.si/pobuda/?st=979
