From: To: Cc: Subject: Date: Attachments: Importance: Rea, Robert-WASH C Garber, Ian M Cho, Christine M; Carey, Landis; Tercero, Andrea E need a PDF please / Slovenia-june5-2013.pdf Tuesday, June 04, 2013 10:35:56 AM image002.png High Slovenia: VAT rate increase as of July 1st 2013 TAX 05 June 2013 General VAT rate is increased from 20% to 22% and lower tax rate from 8,5% to 9,5% Contact us: Slovenia has introduced higher VAT rates within adopted changes of the Republic of Slovenia Budget for 2013 and 2014 Implementation Act (Official Journal of the Republic of Slovenia No. 46 as of May Nada Drobnič 29 th 2013). [email protected] Effectively July 1 st 2013 general VAT rate will increase to 22% and the reduced VAT rate to 9,5%. According to mentioned changes, the following should be taken into consideration: For goods and services which were partially supplied prior to • Katarina Šerak Tax Consultant [email protected] KPMG poslovno svetovanje, d.o.o. Železna cesta 8a 1000 Ljubljana charge VAT rates which were in force before July 1 st 2013 if the invoice for partially supplied goods and services prior to KPMG SI intranet A taxpayer who receives the full payment for goods and services prior to July 1 st 2013, which will be supplied after that date, shall charge the VAT at rates which were in force before July 1 st 2013. • July 1 st 2013 while the rest of supply is done after that date, a taxpayer (a supplier) shall charge VAT for the entire supply of goods and services at higher VAT rates. Regardless just mentioned a taxpayer (a supplier) may July 1 st 2013 is issued no later than on July 20 th 2013. • Tax Partner A taxpayer who receives partial payment for goods and services prior to 1 July 2013, which will be supplied after that date, shall charge the VAT at rates which were in force before July 1 st 2013 and while the rest of the payment received after the mentioned date the VAT should be charged at the higher rate. Tel: +386 1 4201 180 Fax: +386 1 4201 158 • Provisions in the last two paragraphs shall also apply in relation to amounts of advance payments made for the supply of goods and services that are subject to reverse charge mechanism. Nada Drobnič Tax Partner [email protected] KPMG poslovno svetovanje, d.o.o., Železna cesta 8a, Ljubljana, Slovenija © 2013 KPMG Slovenija, d.o.o., KPMG poslovno svetovanje, d.o.o., and KPMG računovodske storitve d.o.o., Slovenian limited liability companies and member firms of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved. KPMG and the KPMG logo are registered trademarks of KPMG International Cooperative (“KPMG International”), a Swiss entity. _____________________________________ Katarina Šerak, univ.dipl.prav. Tax Consultant KPMG poslovno svetovanje, d.o.o. Železna cesta 8/a 1000 Ljubljana Slovenija Tel +386 (0) 1 236 43 02 Mobile +386 (0) 51 315 310 [email protected] P Please consider the impact on the environment before printing this e-mail Svetovanje temelji na dejstvih in podatkih, ki smo jih prejeli, ter na veljavni zakonodaji vključno z javno dostopnimi pojasnili davčnih organov. Zakonodaja je predmet stalnih dopolnil in sprememb. V kolikor smo prejeli nepravilne ali nepopolne podatke ali če se zakonodaja oz. pojasnila davčnih organov spremenijo, je lahko naše svetovanje neustrezno. Naknadna posodobitev svetovanja v skladu s spremenjeno zakonodajo bo izvedena le na posebno zahtevo naročnika. Any advice herein is based on the facts provided to us and on current applicable law includig publicly available opinions published by the Tax Administration. The law is subject to continual change. Should the facts provided to us be incorrect or incomplete or should the law or opinions of Tax Administration change, our advice may be inappropriate. We will not update our advice for changes in law after the date hereof unless specifically requested by the Client.