Tax Alert January 2021

Local contact

Matej Kovačič

18 Jan 2021
Subject Tax legislation
Categories Tax alert
Jurisdictions Slovenia

Reporting on additional payments in the company's capital reserves

Companies established in accordance with regulations in Slovenia must  report additional payments in capital reserves paid in by shareholders in previous years to the tax authority and provide information necessary for identification of the shareholders (natural person) or legal successor of their share in the company.

It is necessary to report also data on the balance of additional payments in capital reserves as at 1 january 2020 for every shareholder (natural person) or legal successor of their share in a company. The company is obliged to report only if the additional payment in the capital reserves was paid-in or paid out (returned) to the shareholder who is a natural person.

Data must be reported no later than 31 January 2021 for the year 2020. If the deadline for submitting is a non-working day, it is moved to the next working day.

This year, for the first reporting, it is necessary to submit data on all payments and withdrawals in 2020 and the balance of payments and withdrawals as at 1 January 2020.

The report must be submitted electronically on eTax portal.

The penalties for non-compliance range between EUR 1,200 - 15,000 for small companies and between EUR 3,200 - 30,000 for medium or large companies.

*** This material has been prepared for general informational purposes only and is not intended to be relied upon as accounting, tax, or other professional advice. Please refer to your advisors for specific advice.

How can EY help you?

EY can help you determine if you are required to report above matters and file reports on eTax portal. 

Contact our Tax Team